GRI

Government of Canada finalizes investment to support Canadian-Born AI leader, Cohere

News Artificial Intelligence General Updates
Date: 20th Mar, 2025 Source: Innovation, Science and Economic Development Canada Country: Canada Original Source

Brief

"On March 20, 2025, the Innovation, Science and Economic Development Canada issued an update regarding Government of Canada finalizes investment to support Canadian-Born AI leader, Cohere. The federal investment of up to $240 million will strengthen the Canadian AI ecosystem by incentivizing new cutting-edge AI compute infrastructure, enabling Cohere to accelerate commercialization and drive growth, while supporting other Canadian firms in the rapidly growing sector."

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Innovation, Science and Economic Development Canada

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