Cohere acquires, merges with Germany-based startup to create a ‘transatlantic AI powerhouse’

Cohere, the Canada-based enterprise AI unicorn, announced Friday that it would merge with the Germany-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,…

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Chainlink Tokenizes $11B Arizona Copper-Gold Mine

BridgeTower Capital has officially deployed Chainlink’s full infrastructure stack to tokenize securities tied to the DOM X Arizona Copper-Gold Project, an $11 billion US natural resource initiative, in what the companies describe as live production infrastructure rather than a pilot. Summary BridgeTower Capital is using Chainlink’s complete stack, including CCIP, Proof of Reserve, NAVLink, and…

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Morgan Stanley Launches Stablecoin Reserve Fund

Morgan Stanley Investment Management launched the Stablecoin Reserves Portfolio on April 23, a government money market fund exclusively designed to hold the cash reserves backing stablecoin issuers’ outstanding tokens, positioning the Wall Street giant to capture reserve management business ahead of the GENIUS Act’s expected passage. Summary Morgan Stanley Investment Management launched the Stablecoin Reserves…

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