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AI & Enterprise

Canada\'s Cohere and Germany\'s Aleph Alpha to merge

Canadian AI company Cohere and German AI company Aleph Alpha have agreed to merge, Handelsblatt reported on April 24, citing government and industry sources. A Reuters report citing Handelsblatt said the combined company aims to provide digital services to companies and public institutions as an alternative to U.S. tech firms. Cohere shareholders will receive about 90 percent of the merged company and Aleph Alpha shareholders about 10 percent. The announcement is expected in Berlin.

Mobility

Mercedes-Benz halts U.S. launch of Level 3 Drive Pilot

Mercedes-Benz will halt the launch of its Drive Pilot Level 3 automated driving system in the United States, media reports said. The company has stopped production and will not apply the system to future new S-Class models. Drive Pilot operated only on limited highway sections in Nevada and California, with a top speed of 40 mph and strict daytime and weather requirements. It also required extra hardware and a $2,500 annual subscription fee.