Reto Sporri

Money Moves

Co-leading Aleph Alpha into the Cohere merger alongside co-CEO Ilhan Scheer

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