Canada to invest up to $1.6B in Toronto-based AI company Cohere

Canada's government, led by Prime Minister Mark Carney, is set to pour up to $1.6 billion into Toronto-based AI firm Cohere, signaling a major push for advancements in artificial intelligence. This hefty investment underscores the government's commitment to boosting the tech sector and positioning Canada as a global leader in AI innovation. The move is expected to create numerous high-tech jobs and drive significant research and development in the field, potentially leading to groundbreaking advancements that could benefit various industries worldwide.