Canada to invest up to C$1.6 billion for a stake in Cohere
Published in edition no. 1 of Noticiário do Joãozinho ·
Translated by Joãozinho AI from the original Brazilian Portuguese edition. Facts, numbers and sources are the same as in the original; quotes, video titles and source names stay in their original language. Read the original in Portuguese
Prime Minister Mark Carney announced an equity investment of up to C$1.6 billion in Cohere, alongside private investors such as NVIDIA, Bell and Schwarz Group. The government treats the contribution as a commercial investment aimed at sovereign and secure AI.
Why it matters It is one of the biggest sovereign AI moves: a state becomes a partner in a national lab so as not to depend only on American models.
Original source: Primeiro-ministro do Canadá — https://www.pm.gc.ca/en/news/news-releases/2026/10/29/canada-announces-landmark-investment-cohere-scale-secure-sovereign-ai