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Prime Minister Mark Carney announced a planned federal equity investment of up to C$1.6 billion in Toronto-based Cohere, according to The Epoch Times. Cohere’s funding round also drew commitments from Nvidia, Schwarz Group and BCE, the Wall Street Journal reports.
HOW THIS BRIEF WAS MADE 2 outlets: 2 national. Automated sourcing and summaries by the BLUF engine. Corrections
The proposed investment could support Canada’s AI industry and add a public investor to a funding round involving major technology and telecommunications companies. The articles do not identify a direct effect on U.S. businesses or households.