The Canadian government will invest up to 1.6 billion Canadian dollars, or about 1.1 billion dollars, in the artificial intelligence developer Kohr. The state will receive a stake in the company in a fundraising round of up to 5 billion dollars. The valuation of the startup reached 20.5 billion dollars, three times compared to last year. Among other investors -. NVIDIA and private companies. Investments have specific obligations. Kohr will remain registered and headquartered in Canada and will spend at least 1.7 billion Canadian dollars on local computing infrastructure by 2030. The company promises to create at least a thousand skilled jobs and develop research. Kohr develops artificial intelligence systems for business and government customers who value control over data and where it is stored. The state receives a share in its future growth and links the development to the national economy. Not only the development of the models is financed, but also the infrastructure within the country.

The Canadian government will invest up to 1.6 billion Canadian dollars, or about 1.1 billion dollars, in the artificial intelligence developer Kohr. The state will receive a stake in the company in a fundraising round of up to 5 billion dollars. The valuation of the startup reached 20.5 billion dollars, three times compared to last year. Among other investors -. NVIDIA and private companies. Investments have specific obligations. Kohr will remain registered and headquartered in Canada and will spend at least 1.7 billion Canadian dollars on local computing infrastructure by 2030. The company promises to create at least a thousand skilled jobs and develop research. Kohr develops artificial intelligence systems for business and government customers who value control over data and where it is stored. The state receives a share in its future growth and links the development to the national economy. Not only the development of the models is financed, but also the infrastructure within the country.