Nvidia-Backed Cohere in a ‘Fight’ to Secure AI Computing Power - Bloomberg
Stockwhiz•10/11/2026•21:04 ET
68
Key Highlights
- ➤Cohere raised as much as $5 billion at a valuation above $20 billion.
- ➤CoreWeave (CRWV) reported better-than-expected September-quarter sales of $3.66 billion.
- ➤Cohere still struggles daily to secure computing capacity across energy, facilities and chips.
- ➤SoftBank wrote down $3.7 billion tied to its Ohio data center project.
- ➤Cohere and Nvidia are developing custom AI models optimized for Nvidia platforms.
Expert Statements
Aidan Gomez, CEO of Cohere
“We really have to fight to get access to compute”
Aidan Gomez, CEO of Cohere
“There is a dearth of supply. We need much more compute. We need the energy, the facilities, the chips to support that.”
Aidan Gomez, CEO of Cohere
“We might be over-indexing to fear in this present moment, but hopefully the build-out continues, and those supply pressures do alleviate”
Aidan Gomez, CEO of Cohere
“a really unfortunate episode”
Aidan Gomez, CEO of Cohere
“Any change of leadership, especially with someone as effective, and with such a strong vision as Jensen would be quite disruptive”
Aidan Gomez, CEO of Cohere
“Jensen has been leading the company for 30 years, it’s his vision that really carried it to the place that it is today.”
Cohere CEO Aidan Gomez said the Nvidia-backed AI developer still struggles daily to secure computing capacity, arguing that scarce energy, facilities and chips undercut concerns about overbuilding infrastructure.
The Toronto-based startup does not operate its own data centers and instead relies on cloud platforms, including Microsoft Corp.’s Azure, and neocloud providers such as CoreWeave Inc. (NASDAQ: CRWV). That dependence has left Cohere competing for the computational power required to train and operate its artificial intelligence models.
Get started
Create a free account to read the full story.