10:19:29 EDT Wed 16 Sep 2026
Enter Symbol
or Name
USA
CA



Open Text Corp
Symbol OTEX
Shares Issued 242,126,739
Close 2026-09-15 C$ 32.93
Market Cap C$ 7,973,233,515
Recent Sedar+ Documents

Globe says Open Text, Cohere push domestic AI models

2026-09-16 09:05 ET - In the News

The Globe and Mail reports in its Wednesday edition that Cohere Inc. and Open Text are partnering to sell artificial-intelligence tools to businesses and governments. The Globe's Joe Castaldo writes the two Canadian companies are working together to power agents, which can access data and use other applications to carry out work. Technology from Open Text will surface relevant internal data to serve as context for Cohere's AI models and North platform to complete tasks. "Agents are only as effective as the data, context and governance behind them," said Shannon Bell, chief digital officer at Open Text. The companies said the joint offering, which will be available in early 2027, will appeal to governments and firms in regulated industries that require more control over their data and have higher security needs. Joelle Pineau, Cohere's chief AI officer, said, "There is a real appetite for solutions that are built outside of the U.S. that have guarantees of sovereignty." Cohere targets corporate and public-sector clients as opposed to consumers. Its large language models can run on clients' own infrastructure, allowing them to have more control. Governments and businesses generally want to decrease reliance on U.S. tech.

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