Canada to take equity stake of up to $1.1 billion in Toronto AI startup
AICanada will take an equity stake of up to $1.1 billion in a Toronto-based AI startup, as Washington's allies push to reduce reliance on US technology. The UK, which announced $80 million for a sovereign AI fund, plans to inject another $160 million into a government lab testing frontier AI models.
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Semafor · Technology · Brendan Ruberry · semafor.comPublished · added here
Original title: Canada to take equity stake in AI firm