Canada's Cohere and Germany's Aleph Alpha to announce merger, Handelsblatt reports
Tweet
Share
E-mail
Cohere logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration
BERLIN, April 24 (Reuters) - Artificial intelligence companies Cohere of Canada and Aleph Alpha of Germany have agreed to merge, newspaper Handelsblatt reported on Friday.
Citing government and industry sources, the paper said the combined company was intended as an alternative to U.S. technology companies, providing digital public-sector services to businesses and public authorities.
The deal is to be announced at 11 a.m. (0900 GMT) in Berlin, with Digital Minister Karsten Wildberger and his Canadian counterpart Evan Solomon in attendance, the report said.
(Writing by Friederike Heine; Editing by Tom Hogue)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Elliott targets Deutsche Telekom, opposes $300B T-Mobile merger - Bloomberg News
- Shell completes $16.5B acquisition of ARC Resources
- Pet food platform Golden Pet Brands taps banks for IPO, sources say
Create E-mail Alert Related Categories
ReutersRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
