Cohere and Aleph Alpha sign their enterprise-AI merger.

Cohere and Aleph Alpha signed a definitive merger agreement that would create a combined company operating under the Cohere name, with headquarters in Toronto and Berlin and a research operation in Heidelberg. The transaction remains subject to regulatory approval.

Schwarz Group is investing €500 million in the merged business and plans to provide computing capacity through StackIT. Reuters said the companies did not publish updated financial terms; the combination had been valued at about $20 billion when first disclosed in April.