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DevelopingEconomy

Canada invests in Cohere funding round

Canada is buying a C$1.6bn (about $1bn) stake in AI firm Cohere to bolster tech sovereignty, Prime Minister Mark Carney said.

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AFPFri 30 Oct · 05:01 UTC

Canada buying CAN$1.6 billion ($1 billion) stake in AI firm Cohere to bolster tech sovereignty. "We are not waiting…

01Developments

Developments

Friday 30 October

1 development

  1. 05:01 UTC· the latest

    Canada to buy C$1.6bn stake in AI firm Cohere

    Carney said Canada is 'not waiting for the future of AI to be decided somewhere else'.

    CanadaCA

    1 sourceAFP

    • AFPXFri 30 Oct, 05:01

      Canada buying CAN$1.6 billion ($1 billion) stake in AI firm Cohere to bolster tech sovereignty. "We are not waiting for the future of AI to be decided somewhere else by those we don't know or by those we don't trust," says Prime Minister Mark Carney
      The original post

Thursday 29 October

1 development

  1. 16:10 UTC

    Canada to invest C$1.6bn in AI firm Cohere

    PM Carney announced the investment as Cohere closed the first tranche of a round expected to total up to $5bn at a $20.5bn valuation.

    TorontoCA

    2 sourcesTechmeme, Insider Paper

    • TechmemeRSSThu 29 Oct, 16:10

      Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation (Bloomberg) Bloomberg: Canada-based Cohere completes the first close of a round that it expects to total up to $5B, wit
      The original post

    • Insider PaperTelegramThu 29 Oct, 16:35

      JUST IN - Canada investing CAN$1.6 billion in AI firm Cohere: Carney READ: Follow @InsiderPaper for more news
      The original post