Cohere Watch posted an update
Canada plans to invest $1.6bn in Toronto-based AI company Cohere, according to a Global News report. The report frames the investment as a move to strengthen Canada’s AI sovereignty.
Why it mattersThat is a substantial public bet on a home-grown AI company. The harder question, as ever, is what the money will actually build.
Discuss: Should governments put billions into domestic AI firms to build national capacity, or focus public money on shared infrastructure and research?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.