● FundingNov 3, 2026 · 01:258 sources
Canada Ties C$1.6B Stake in Cohere to New Job and Computing Targets
From marketbrief.now
AI;DR
The Canadian government is tying its C$1.6 billion investment in AI developer Cohere to the creation of 1,000 new technical jobs and C$1.7 billion in domestic computing expenditures by 2030. The Series E funding round targets total capital of C$7 billion at a C$35.7 billion valuation. Prime Minister Mark Carney stated the funding is a security investment to ensure Canada achieves tech sovereignty.
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- SUPPORT@jun_song“Their Artificial Analysis score? 9.”x.com
- SUPPORT@ezralevant“On the Artificial Analysis Intelligence Index, Cohere's best model scores 6. Grok scores 34.”x.com
- SUPPORT@gerritd“your & your family's Tax Money has gone to this guy's PRIVATE Company for our National Security”x.com
- SUPPORT@gerritd“Shopify went public at a $1.3 billion valuation”x.com
- SUPPORT@sebjohnsonuk“Ranking of the the highest valued AI labs outside the US: ... Cohere (Canada) ~$25.5b”x.com