.jpg)
19 hours ago
7
Article content
Artificial intelligence startup Cohere Inc. is in advanced talks to raise between US$2 billion and US$3 billion, including financing from the Canadian government and existing backers, according to a report from the Globe & Mail.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The new fundraising round would value the company at US$20 billion, the report says. The deal could close as soon as next week, but the timing could be pushed back, according to the Globe & Mail.
Article content
Article content
The Canadian startup, which counts Nvidia Corp. as an investor, makes AI models and customizes them for businesses.
Article content
Its software has attracted customers such as Notion Labs Inc. and Oracle Inc., which use the startup’s technology to do things like help write website copy, communicate with users and add generative AI to their own products.
Article content
Article content
We apologize, but this video has failed to load.
Article content
Article content
Advertisement 1
English (US)