Cohere deal won’t be last time feds take stake in Canadian tech companies, AI minister says

Canada’s investment in Cohere won’t be the last time the government takes an equity position in a domestic tech company, as it looks to bolster capacity in AI and other strategic industries. The news: Prime Minister Mark Carney announced today in Montréal that the federal government will invest up to $1.6 billion CAD in Toronto AI developer Cohere, as part of a larger Series E funding round. The federal government said the investment will be made in stages, with regular reporting from Cohere abo