# The 90/10 deal: How Cohere acquired Europe's AI ambitions without the tech

- slug: the-9010-deal-how-cohere-acquired-europes-ai-ambitions-without-the-tech
- date: 2026-04-25
- category: Artificial Intelligence

Cohere called it a merger. The share structure says something else: 90 percent to Cohere, 10 percent to Aleph Alpha. The German company abandoned frontier AI models in 2024 and its founder was ousted six months ago. Cohere is buying the contracts, not the tech.

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