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Ilhan Scheer

Ilhan Scheer

Co-CEO, Aleph Alpha

Appears in 1 story

Stories

Cohere acquires Aleph Alpha to build sovereign AI champion

Money Moves

Leading Aleph Alpha into the Cohere merger alongside co-CEO Reto Sporri

Europe spent years developing separate AI companies to compete with OpenAI. In April 2026, Cohere agreed to acquire Germany's Aleph Alpha in a roughly $20 billion deal, with government backing from both nations, subject to regulatory approval and expected to close later in 2026.

Updated May 31