Cohere acquires Aleph Alpha with €500M Schwarz Group backing for European push

Canadian AI startup Cohere agreed to buy Germany's Aleph Alpha at an undisclosed price, backed by €500M from Schwarz Group (Lidl's owner). The deal targets government and regulated-enterprise customers across Europe. Combined with Mistral's Large 3 on-prem push, the move signals serious sovereign-AI consolidation against US frontier labs.