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Telus Corp (2)
Symbol T
Shares Issued 1,524,520,592
Close 2025-07-02 C$ 22.02
Market Cap C$ 33,569,943,436
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Globe says Telus, BCE see CoreWeave expand in Canada

2025-07-03 08:01 ET - In the News

Also In the News (C-BCE) BCE Inc (2)

The Globe and Mail reports in its Thursday edition that U.S. company CoreWeave will operate a data centre opening next month in Cambridge, Ont., where Canadian artificial-intelligence company Cohere will be a customer. The Globe's Joe Castaldo writes that Cohere builds large language models and generative AI tools for business customers. The federal government announced in December it would give up to $240-million to the company for its computer processing needs, or compute, in industry jargon. The funding stems from a $2-billion spending package Ottawa created last year to help Canadian companies access the computing infrastructure necessary to build and run AI models and to encourage companies to develop more data centres here. The government said when it announced the funding to Cohere that it helped incentivize the construction of a new multibillion-dollar AI data centre in Canada that would have capacity for other companies as well. Telcos Telus and BCE are getting into the market, too. Telus has plans to convert two of its data centres to handle AI, while BCE said in May it will open six facilities in British Columbia. Many countries, including Canada, see AI data centres as a matter of economic security.

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