Are there two Borg collectives now?

Excuse me, but could you elaborate on the current status of the Borg collectives? Specifically, are there indeed two distinct Borg collectives operating concurrently in the galaxy? If so, what are the key differences between them? Are they rivals, allies, or perhaps operating independently of each other? Furthermore, how have these two collectives emerged, and what implications do they have for the balance of power in the galactic community? I'm curious to understand the full scope of this intriguing situation.