Artificial intelligence (AI) is the next great technological transformation. It is imperative to Canadians’ prosperity, security, and sovereignty that we build and govern these technologies on our own terms. The opportunity to cement that autonomy is now. The decisions we make today will determine whether Canadians have that choice – to use secure, sovereign, Canadian-made AI – for decades to come.

To that end, the Prime Minister, Mark Carney, today announced the Government of Canada’s commitment to making an equity investment of up to $1.6 billion in Cohere. This is a commercial investment, announced alongside private investors, including NVIDIA, Bell, and Schwarz Group.