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Canada to invest up to $1.6B in Cohere lab

By Drooid · Oct 30, 2026 · How we work

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Canada’s government will invest up to $1.6 billion in Toronto AI lab Cohere.
Germany’s Schwarz Group leads a $7 billion funding round for Cohere.
Schwarz Group pledged $780 million to the round.
Cohere plans to spend at least $1.7 billion on Canadian computing infrastructure by 2030.
Cohere commits to creating at least 1,000 new high-paying technical jobs in Canada.

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Canada’s government will invest up to $1.6 billion in Toronto AI lab Cohere.
Germany’s Schwarz Group leads a $7 billion funding round for Cohere.
Schwarz Group pledged $780 million to the round.
Cohere plans to spend at least $1.7 billion on Canadian computing infrastructure by 2030.
Cohere commits to creating at least 1,000 new high-paying technical jobs in Canada.