Department of Finance Canada: Deputy Prime Minister announces $240 million for Cohere to scale-up AI compute capacity

Department of Finance Canada

Canada News Centre

Deputy Prime Minister announces $240 million for Cohere to scale-up AI compute capacity

by Department of Finance Canada on Friday 06 December 2024 07:17 PM UTC+00 | Tags: news-releases
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced an investment of up to $240 million in Cohere, a Toronto-based AI leader—the first investment through the new $2 billion Canadian Sovereign AI Compute Strategy launched yesterday.
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