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Canadian AI startup Cohere is taking over Germany-based Aleph Alpha with support from Schwarz Group (parent company of grocery chain Lidl). With the blessing of their governments, the companies intend to offer a sovereign alternative to enterprises in an AI landscape dominated by American players. As companies that develop large language models, Aleph Alpha and…
Cohere, the Canada-based enterprise AI unicorn, announced Friday that it would merge with the German-based enterprise AI company Aleph Alpha. The deal, which has yet to close, will value the newly formed company at $20 billion, the FT reported. Schwarz Group, one of Aleph Alpha’s top backers, will also invest $600 million in Cohere’s Series E round,…
Google plans to invest up to $40 billion in Anthropic and support the AI firm’s growing computing needs, Bloomberg reports. The Alphabet subsidiary is committing to invest $10 billion now, at a $350 billion valuation for Anthropic, with another $30 billion to follow if Anthropic hits certain performance targets, according to Anthropic. The promise of…
Surprise! StrictlyVC San Francisco, which will kick off this year’s events lineup for TechCrunch on April 30 at the Sentro Filipino Cultural Center, is getting a new addition to its increasingly stacked roster of speakers. Uber CTO Praveen Neppalli Naga will join us to discuss, you guessed it, operating at scale in the age of…
Sierra, the customer service agent startup founded by Bret Taylor, announced on Thursday that it has acquired the YC-backed French startup Fragment, which helps businesses integrate AI into workflows. This is Sierra’s third public acquisition. It previously bought Japan-based enterprise AI solutions company Opera Tech (which it acquired in late March) and voice agent company…
The story of embattled compliance startup Delve keeps hitting twists and turns. TechCrunch has confirmed that Delve was the compliance company that performed the security certifications for Context AI, the AI agent training startup that last week disclosed a security incident which led to a data breach at popular app and website hosting giant Vercel….
India’s mobile app market is generating record revenue, with in-app purchases crossing $300 million in the first quarter, up 33% year-over-year, according to Sensor Tower — but much of that spending is flowing to global platforms. Non-gaming apps were the main driver of growth in Q1, generating over $200 million in in-app purchase revenue —…
At Google Cloud Next this week, the tech giant announced a bevy of new updates to Workspace, its subscription-based productivity suite aimed at professionals. As you might expect, the updates are heavy on AI, integrating new automation tools into various workflows — everything from drafting emails to organizing Google Sheets. Overall, the changes are clearly…
Until a few hours before SpaceX announced its deal, giving it the option to acquire Cursor — the maker of AI-powered coding software — for $60 billion, Cursor was on track to close a $2 billion funding round later this week, according to a person familiar with the matter. The round would have valued the…
OpenAI has partnered with Infosys to integrate its artificial intelligence tools, including coding assistant Codex, into the Indian IT giant’s Topaz AI platform. Infosys said the integration will be used to help its clients modernize software development, automate workflows and deploy AI systems at scale, initially focusing software engineering, legacy modernization, and DevOps. India’s IT…