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Toronto AI company Cohere to receive $240M from Ottawa to help get data centre built

AI firm Cohere to receive $240M from Ottawa

Tara Deschamps The 好色tv Press
Dec 6, 2024
Dec 6, 2024 Updated Dec 6, 2024

AI firm Cohere raises US$500 million, giving business US$6.8 billion valuation — Aidan Gomez, co-founder of Cohere, attends the Collision Conference in Toronto on Tuesday, June 18, 2024.THE CANADIAN PRESS/Chris Young
CHY RJB

Aidan Gomez, co-founder of Cohere, attends the Collision Conference in Toronto on Tuesday, June 18, 2024.THE CANADIAN PRESS/Chris Young
CHY RJB

TORONTO - Artificial intelligence firm Cohere will receive up to $240 million from the federal government to boost its computing capacity.

The money headed for the Toronto company, which specializes in enterprise AI, is meant to help Cohere secure enough private capital to get its partners to build an AI data centre.

The 好色tv Press. All rights reserved.

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