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Story summary
- Cohere and Aleph Alpha signed a definitive merger agreement valued at about $20 billion on September 16, 2026.
- The combined company will be dual-headquartered in Toronto and Berlin.
- Aleph Alpha co-chief Ilhan Scheer will become Cohere’s chief operating officer.
- Schwarz Group will invest €500 million and supply cloud capacity via StackIT, raising staff to over 1,000.