Canada announces landmark investment in Cohere to scale secure, sovereign AI
Prime Minister of Canada, News Release, October 29, 2026
By News on the Net -- Prime Minister of Canada—— Bio and Archives--October 29, 2026
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Prime Minister Mark Carney announced a federal equity investment of up to $1.6 billion in Toronto AI company Cohere, made in stages alongside private investors including NVIDIA, Bell and Germany’s Schwarz Group. Cohere commits to at least 1,000 new Canadian technical jobs and $1.7 billion in Canadian computing infrastructure by 2030; the release also notes Cohere’s recent merger with Germany’s Aleph Alpha.
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