### [2026-10-29](/feed/2026/10/29/index.md)

##### AI boom
# 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. 




### Sources:

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

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