C$1.6 Billion Cohere Deal Lets Ottawa Veto Any Foreign Acquisition, No Law Required
· techtimes.com · popularity 29/100 · 0 similar stories today · Politics & Government (Politics & Government)
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Summary
Canada Cohere AI investment: Prime Minister Mark Carney announced a C$1.6 billion equity stake in Toronto-based AI firm Cohere, attaching binding conditions that give Ottawa ongoing veto power over the company's corporate future, including any acquisition by a US or Chinese tech giant - the first such deal by any Western government.
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