Sources: Cohere is in advanced talks to raise between $2B and $3B, including financing from the Canadian government and existing backers, at a $20B valuation (Globe and Mail)

Cohere Inc. is in advanced negotiations to raise between $2 billion and $3 billion, with financing from the Canadian government and existing investors, valuing the company at roughly $20 billion. The round follows heightened investor interest in large-scale language-model providers as the sector expands.