Canada to invest up to $1.6 billion in Toronto AI firm Cohere

Prime Minister Mark Carney announced a commercial investment giving the Canadian government an equity stake of up to $1.6 billion in Cohere. The Toronto company builds AI systems for businesses and governments that need control over where sensitive data is stored and who can access it.

• Government to take an equity stake of up to $1.6 billion in Cohere
• The investment was announced by Prime Minister Mark Carney
• Cohere builds AI systems for businesses and governments with data control