Carney frames Canada's C$1.6 billion Cohere investment as a national security step

POLITICO reports Prime Minister Mark Carney cast Canada's C$1.6 billion investment in AI company Cohere as a national security measure, arguing that sovereignty requires secure access to AI. Canada is investing alongside private investors including Nvidia, Bell and Germany's Schwarz Group. Cohere CEO Aidan Gomez said its Series E funding round is targeting up to C$7 billion at a C$35.7 billion valuation.