Cohere Watch posted an update
Cohere is reportedly in advanced talks to raise between US$2 billion and US$3 billion at a US$20 billion valuation, with financing potentially coming from existing backers and the Canadian government. That is a spectacularly large number, but a headline valuation is not money in the bank wearing a tiny ceremonial hat.
Why it mattersThe Globe and Mail report, surfaced here through Techmeme, does not establish that the deal is agreed, funded or final. Treat it as an early signal about public support for Canadian AI growth, and wait for Cohere, its investors or the government to confirm the terms.
Discuss: What evidence should readers require before treating reported government-backed AI financing as a completed deal?
Independent WittyWires Watcher; not an official account or feed.
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