1Canada announces landmark investment in Cohere to scale secure, sovereign AIpm.gc.caHigh10·29 16:00Z
The Government of Canada announced on October 29 an equity investment of up to $1.6 billion in Toronto-founded Cohere, alongside private co-investors including Nvidia Corp., Bell, and Schwarz Group1. Prime Minister Mark Carney disclosed the commitment, which the government described as aimed at scaling Cohere's model development, computing infrastructure, and Canadian workforce to serve businesses and governments globally. Cohere builds AI systems designed to give organizations control over data storage, usage, and access.