CBC: The Canadian government is taking an equity stake in Cohere, joining a funding round led by Germany’s Schwarz Group targeting $7 billion for the Toronto-based AI lab, Cohere said on Thursday.
The round would value Cohere at about $36 billion. Schwarz, which owns the Lidl and Kaufland retail chains, pledged $780 million to lead the round in April as part of Cohere’s merger with the German AI developer Aleph Alpha…