Ottawa unveils up to $240-million in funding to help AI company Cohere build data centreThe federal government is providing up to $240-million to help Toronto-based artificial-intelligence company Cohere Inc. build a new multibillion-dollar data centre in Canada
The location of the facility was not disclosed, nor were any details provided about its capacity.
Canadian Sovereign AI Compute Strategy
Budget 2024 announced $2 billion over five years, starting in 2024–25, to launch new initiatives that will give Canadian researchers and AI companies the tools they need to be competitive globally. Over the summer of 2024, the government launched a public consultation to inform the design and implementation of these two initiatives. We heard from more than 1,000 stakeholders from research, industry and civil society across Canada through in‑person and virtual round table discussions and an online survey.
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