Ottawa, Ontario
Today, the Honourable Anita Anand, Minister of Innovation, Science and Industry, announced that the Government of Canada has finalized its investment of up to $240 million in Cohere Inc.'s $725 million project to bring domestic compute capacity to Canada and support the development and scaling of AI capabilities here at home.
This federal investment will incentivize new cutting-edge AI compute infrastructure with the development of a new multi-billion-dollar AI data centre, located in Canada, that will come online this year. This will enable Cohere to accelerate the commercialization of its large language models at a new domestic data centre, driving growth and allowing Cohere to compete for global market share against other well-funded international competitors. Access to additional domestic compute capacity will support the expansion of other Canadian firms developing AI technologies in this rapidly growing sector.
Cohere is the first funding recipient of the AI Compute Challenge, announced in December 2024 under the Canadian Sovereign AI Compute Strategy. The AI Compute Challenge supports the Canadian AI ecosystem through increased domestic AI compute capacity. Access to cutting-edge compute infrastructure, we are maintaining Canada's leadership in AI, empowering researchers and industries to thrive.
