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Canada's federal government invests up to C$1.6 billion (US$1.1 billion) in Toronto-based artificial

[https://www.afp.com/en/canada-buying-stake-ai-firm-cohere-bolster-tech-sovereignty (AFP)] [https://www.reuters.com/business/ottawa-takes-stake-cohere-ai-company-opens-45-billion-funding-round-2026-10-29/ (Reuters)]

Published October 29, 2026· Updated October 30, 2026·1 min read
“Flag_of_Canada_(Pantone).svg.png” via Wikimedia Commons
Image: “Flag_of_Canada_(Pantone).svg.png” via Wikimedia Commons. Images shown are not owned by Orubus, Oseen or any of its related companies — all rights remain with the stated owners and licensors.

Context: Artificial intelligence industry in Canada — part of the Artificial intelligence industry in Canada story.

Canada's federal government invests up to C$1.6 billion (US$1.1 billion) in Toronto-based artificial intelligence company Cohere, taking an equity stake as part of a C$7 billion (US$5 billion) funding round intended to expand domestic computing infrastructure and AI development. [https://www.afp.com/en/canada-buying-stake-ai-firm-cohere-bolster-tech-sovereignty (AFP)] [https://www.reuters.com/business/ottawa-takes-stake-cohere-ai-company-opens-45-billion-funding-round-2026-10-29/ (Reuters)]

Event summary via Wikipedia Current Events (2026-10-29).

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