Cohere
December 6, 2024
Cohere Unicorn News - December 06, 2024
The Canadian government has announced a substantial investment of up to $240 million to support AI company Cohere in building a multibillion-dollar data centre. This initiative aims to enhance Canada's AI infrastructure and strengthen its position in the global AI industry.
() Introduction
() Ottawa unveils up to $240-million in funding to help AI company Cohere build data centre
The Canadian government has unveiled plans to invest up to $240 million in AI company Cohere to establish a state-of-the-art, multibillion-dollar data center. This initiative is part of a broader strategy to bolster Canada’s AI ecosystem, attract top-tier talent, and drive innovation in machine learning and natural language processing. The facility is expected to create hundreds of high-tech jobs and position Canada as a global leader in AI research and infrastructure development, aligning with the country’s long-term economic and technological goals.
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