MONTREAL — Prime Minister Mark Carney is positioning Ottawa’s C$1.6 billion investment in Canadian artificial intelligence company Cohere as a downpayment on his country’s national security. Carney framed the upcoming congress, which includes meetings Friday with European Commission President Ursula von der Leyen and European Council President António Costa, as a shared endeavor to build a stronger transatlantic alliance in the face of global disruption. So we will work together to tackle head-on the safety and security issues of runaway AI.
We will develop together rules and standards and strong global governance,” she said. Carney said Canada was making a commercial investment alongside private investors including Nvidia, Bell and Germany’s Schwarz Group. Cohere co-founder and CEO Aidan Gomez announced the initial close of its Series E funding round on Thursday, which is targeting up to C$7 billion at a C$35.7 billion valuation.
Gomez joined Carney at Mila, the Quebec Artificial Intelligence Institute, for the Canadian portion of the funding announcement. The Canada-EU summit is unfolding against the backdrop of economic threats by U.S. President Donald Trump against both transatlantic partners.
Carney dismissed suggestions Thursday that the summit could draw reprisals by Trump against the participants.
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