Cohere of Canada and Aleph Alpha from Germany finalize a merger agreement, creating a combined entity valued at approximately $20 billion to focus on sovereign AI, with backing from both governments (Financial Times)

Merger Announcement: Canada's Cohere and Germany's Aleph Alpha have agreed to a merger deal valued at approximately $20 billion, focusing on developing sovereign AI systems.

Government Support: Both the Canadian and German governments are backing the merger, emphasizing the importance of independent AI systems separate from U.S. and Chinese influences.