Canada to take a stake in AI firm Cohere, with Carney announcing up to C$1.6bn federal AI investment
AFP reports that Prime Minister Mark Carney announced a federal investment of up to C$1.6 billion (about US$1 billion) in Toronto-based AI firm Cohere, with the government taking a stake as part of a push for tech sovereignty. The funding is part of a larger C$7 billion round that would value Cohere at about C$35.7 billion.