17:21:05 EDT Thu 18 Sep 2025
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 932,525,817
Close 2025-08-18 C$ 35.28
Market Cap C$ 32,899,510,824
Recent Sedar Documents

Globe says RBC, BCE see feds show their love for Cohere

2025-08-19 08:24 ET - In the News

See In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Tuesday edition that the federal government is working with Toronto AI start-up Cohere to look for ways to employ artificial intelligence across its operations. The Globe's Joe Castaldo writes that Cohere and Ottawa have signed a memorandum of understanding to bring AI to the public service. Cohere would still have to compete for government business, but the agreement highlights Cohere's desire to sell its tools to the public sector -- and the government's desire to use AI to boost efficiency while procuring products and services from domestic companies. Prime Minister Mark Carney has also made AI adoption a priority. The feds have shown Cohere a lot of love lately. Founded in 2019, the company builds large language models (LLMs) and has focused its products on businesses and government clients with high security and privacy needs. Evan Solomon, the Minister of AI and Digital Innovation, regularly touts the company. Last year, the government provided Cohere with $240-million for its computer processing needs through a federal program. It is the only Canadian company building foundational AI models to compete with OpenAI, Anthropic, Google and others. RBC and Bell Canada are customers.

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