The tech arm of German retail conglomerate Schwarz Digits is set to make a major investment in Cohere, as it looks to challenge the U.S. cloud giants.
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Ryan Grant spent more than a decade in the U.S. working on some of the world’s most powerful supercomputers. Now the Ontario native is back in Canada with an audacious plan.
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“Twelve months from referral to final investment decision is the pace that this pivotal moment in Canada’s history demands,” Prime Minister Mark Carney said at a news conference in Vancouver on Tuesday.
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Despite improvements, the Financial Action Task Force found Canada falls short of international standards for enforcing money-laundering controls at banks.
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Canada’s major pension funds will invest billions of extra dollars in domestic assets. Some worry the country’s innovation economy could miss out.
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