# Canada to invest $1.6 billion in Toronto-based AI company Cohere

https://mins.news/en/video/121830

- Global News, 2026-10-30 02:30 UTC
- Tech
- Original: https://www.youtube.com/watch?v=venfeoe3wKQ

> Prime Minister Mark Carney announced a $1.6 billion federal investment in Cohere, a Canadian AI company founded in Toronto. Cohere describes itself as the largest AI company outside the U.S. and China. Strengthening Canada’s digital sovereignty is also a government focus.

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