Ottawa buys $1.6-billion stake in Cohere as AI firm’s valuation soars to $35.7-billion
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Summary
Cohere Inc. has secured most of a planned $7-billion financing, including backing from the federal government, in a deal that would value the Toronto-based AI company at $35.7-billion. The financing is the largest by a Canadian startup in history and, once completed, would make Cohere the country’s …
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