Carney frames C$1.6B AI investment as national security imperative
”We’re not waiting for the future of AI to be decided somewhere else by those we don’t know or … don’t trust,” Carney said ahead of Canada-EU summit.
Prime Minister Mark Carney highlighted Canada's C$1.6 billion AI investment in Cohere as a national security move, declaring that Ottawa is not waiting for AI advancements to happen elsewhere. Carney emphasized the need for secure access to various technologies during a pre-summit speech in Montreal. European Commission President Ursula von der Leyen echoed Carney's sentiment, emphasizing the importance of jointly tackling AI safety and security concerns.
Cohere co-founder and CEO Aidan Gomez announced a Series E funding round that could total C$7 billion, valuing the company at C$35.7 billion. The Canada-EU summit seeks to strengthen transatlantic cooperation on AI, amid potential economic threats from U.S. President Donald Trump.
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