Canada to take equity stake of up to $1.1B in Toronto AI startup
Overview
Canada will take an equity stake of up to $1.1 billion in an unnamed Toronto-based AI startup, according to Semafor.
The report links the move to Washington's allies seeking to reduce their reliance on US technology. The same report says the UK plans to inject another $160 million into a government lab that tests frontier AI models, on top of $80 million it previously announced for a sovereign AI fund.
Written by AI from the articles below · updated Oct 30, 10:44 AM ET
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- Semafor · TechnologyNewsCanada 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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