Canada invests CAD1.6 billion in Cohere to build AI independence

DIGITIMESNovember 2, 2026en

The Canadian government plans to invest up to CAD1.6 billion (about US$1.14 billion) in domestic AI startup Cohere, becoming a major investor in the company's latest funding round as Canada seeks to reduce its reliance on the US and China for critical AI technologies.

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