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Schwarz Group

Schwarz Group

Retail and Cloud Conglomerate

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Cohere acquires Aleph Alpha to build sovereign AI champion

Money Moves

Strategic lead investor in Series E

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