Canada to take equity stake in AI firm Cohere with up to C$1.6 billion
Ottawa will invest up to C$1.6 billion for an equity stake in Toronto-based Cohere, which must stay Canadian, add 1,000 jobs and spend C$1.7 billion on compute by 2030. The move comes as Cohere closes a Series E targeting CAD $7 billion at a CAD $35.7 billion valuation.
Read the full story at Barron's ↗
Timeline · 7 reports
- 2026-10-31 13:00 · The Globe and Mail
Ottawa’s investment in Cohere, RBC blocks personal AI agents and Cleveland-Cliffs’ plan to recall Stelco workers: Must-read business and investing stories - 2026-10-30 14:35 · Unite.AI
Cohere Projects Over 1,500 Canadian Jobs and C$4 Billion Investment by 2031 - 2026-10-30 14:13 · Semafor Technology
Canada to take equity stake in AI firm - 2026-10-30 11:44 · AI Insider
Cohere Announces Initial Close of Record Series E Targeting CAD $7B - 2026-10-30 08:20 · DailyAI
Canada Buys Into Cohere With Up to C$1.6 Billion of Public Money - 2026-10-29 19:58 · Wall Street Journal Technology
Canada to Take Equity Stake in AI Firm Cohere - 2026-10-29 19:48 · Barron's
Canada Buying Stake In AI Firm Cohere To Bolster Tech Sovereignty