Montreal, Canada, Oct 29, 2026 (AFP) - Canada buying stake in AI firm Cohere to bolster tech sovereignty

NAMPA / AFP

2026-10-29

Canada is investing CAN$1.6 billion ($1 billion) in the AI firm Cohere, Prime Minister Mark Carney said Thursday, a move aimed at strengthening sovereign alternatives to counter US and Chinese AI dominance. Cohere was founded in Toronto in 2019 and has tried to distinguish itself from artificial intelligence behemoths like OpenAI and Anthropic by focusing on models built for businesses and governments, with less attention paid to consumer applica......

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