Artificial intelligence startup Cohere Inc. is partnering with CoreWeave Inc. to build a multibillion-dollar data center in Canada, with financial help from the Canadian government.
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The government will support Cohere for as much as C$240 million as part of its C$2 billion Canadian Sovereign AI Compute Strategy. Cohere, founded in 2019 by Aidan Gomez, Nick Frosst and Ivan Zhang, has raised $970 million from a pool of investors that includes Nvidia Corp., Oracle Corp., Cisco Systems Inc., Public Sector Pension Investment Board and Montreal-based investment firm Inovia Capital.
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