[Cohere Raises $20.5 Billion Valuation, Receives Investment from Canadian Government and Nvidia] Canadian AI startup Cohere has completed its first round of funding, valuing the company at $20.5 billion. The total funding is expected to reach up to $5 billion. Investors include the Canadian government, Nvidia, and the Schwarz Group, with the Canadian government committing up to $1.14 billion. Cohere plans to invest approximately $1.2 billion in new computing infrastructure in Canada.