Ilhan Scheer

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