PwC and Cohere form an enterprise AI alliance, launching first in Canada
THE SO WHAT
A PwC–Cohere alliance framed around “sovereign AI” — with Cohere absorbing ~90% of Aleph Alpha — shows how consulting channels and regional ownership narratives are fusing. If you sell into regulated or European markets, expect more RFP language around data residency, model controllability, and auditability that favors these bundled stories.
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Q3 2026 delivered $159B in global funding and a record count of $1B+ rounds, even as it was the lowest quarter this year—capital is concentrating into fewer, larger AI bets. Early and mid-stage founders should assume barbell dynamics: either tie into these mega-ecosystems or stay lean and focused on niches they ignore.