Region Focus | Canada
Bloomberg and The Globe and Mail report Canada's federal government is negotiating a direct equity stake in Cohere's new $2-3B raise (valuation up to $20B), shifting from infrastructure subsidies to holding a piece of the model company itself. PwC and Cohere announced on 10/5 a global enterprise AI alliance launching first in Canada, pairing Cohere's North platform (covered last week as a product) with PwC's industry and compliance expertise to sell sovereign AI abroad. Statistics Canada's official Q2 2026 data confirms business AI adoption tripled from 6.1% in 2024 to 19.2%, led by finance and insurance at 40.4%. First time this series covers Canada.