Cohere Inc. completed the first close of a funding round expecting to total up to $5 billion at a pre-money valuation of $20.5 billion

From the articleOttawa buys $1.6-billion stake in Cohere as AI firm’s valuation soars to $35.7-billionAlso in Canada, Nvidia Invest in Cohere as AI Startup Hits $20.5 Billion Valuation, Carney frames C$1.6B AI investment as national security imperative
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