Canada desk
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An artificial intelligence deal announced at the Canada-European Union summit is significant amid the dominance of China and the United States in AI, according to the item. International trade expert Julian Karaguesian also said closer cooperation between Canadian and European bond and stock markets could follow.
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An artificial intelligence deal announced at the Canada-European Union summit is significant amid the dominance of China and the United States in AI, according to the item. International trade expert Julian Karaguesian also said closer cooperation between Canadian and European bond and stock markets could follow.
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Summaries are AI-generated from linked sources and may contain errors or omit context. Read the original reporting for details.
Canada’s four main arts and design universities are asking Ottawa for $10 million to create a national training program for creative workers and the small businesses that employ them.
The schools say freelancers, sole proprietors and gig workers often lack employer-funded training as artificial intelligence affects their work. The proposal comes amid concerns from some faculty that generative AI can threaten artists’ rights, students’ learning and graduates’ job prospects.
The federal government announced plans to buy an equity stake of up to $1.6 billion in Toronto-based AI company Cohere.
In return, Cohere has committed to invest at least $1.7 billion in Canadian computing infrastructure and create at least 1,000 technical jobs by 2030. Prime Minister Mark Carney said the company’s incorporation and headquarters would remain in Canada.
Original source at The Niagara Independent · Story page and citation
Canada has a strong record in AI research and a leading homegrown model company in Cohere, but investment and the number of frontier-model developers remain far below those in the United States.
The federal government has announced a Cohere equity investment of up to $1.6 billion, while the company has said it will commit at least $1.7 billion to Canadian computing infrastructure by 2030. Experts cited say domestic AI capacity matters for sensitive data and that training people to use AI is also important.
Original source at Canadian Affairs · Story page and citation
Cohere is raising up to C$7 billion in a funding round backed by the Canadian government, Schwarz Group and BCE, according to the headline.
The available source context does not confirm the round’s final amount or provide further details.
Prime Minister Mark Carney announced a $1.6-billion federal investment in Cohere, an artificial intelligence company founded in Toronto.
The government says the investment is intended to strengthen Canada’s digital sovereignty.
Canada is taking an equity stake of up to $1.1 billion in a Toronto-based AI startup, according to the source.
The move is presented as part of efforts by United States allies to reduce reliance on American technology. The source gives no further details about the Canadian investment’s terms or the company’s name.
Post-secondary students in Canada can claim one free year of Google AI Plus, which includes Gemini, by December 31. Students must verify their status through SheerID.
The plan includes study tools for uploading class materials, making flashcards and quizzes, and identifying gaps in knowledge.
The federal government plans to invest up to $1.6 billion in Toronto-based Cohere as part of the company’s planned $7-billion fundraising round, which would value it at $35.7 billion.
Prime Minister Mark Carney said the agreement would keep Cohere Canadian and support at least 1,000 technical jobs and $1.7 billion in new Canadian computing infrastructure by 2030.
Original source at Yahoo! Finance Canada · Story page and citation
Canada is investing CAD 50 million in the Canadian Food Innovation Network to help food processors adopt automation, artificial intelligence and other technology.
The funding, announced by Quebec Minister of Industry and Economic Development Mélanie Joly, comes through the Strategic Response Fund and the National Food Security Strategy. CFIN says more than 200 small and medium-sized businesses will receive most of the support, and it plans to grow its network to 20,000 members.
Canadian researcher Christopher Olah, an Anthropic co-founder and its interpretability research lead, holds a stake valued at US$15.5 billion at the company’s last fundraising, alongside each of its six other co-founders.
Anthropic plans to go public, but the timing and final value of any windfall are not specified. Olah previously worked at Google’s AI research arm and OpenAI, and studied how neural networks operate.