CBC reports the government's $1.6 B pledge to Cohere

CBC’s coverage confirms the Prime Minister’s commitment to pour up to $1.6 billion into Cohere, a Toronto AI specialist. Minister Mark Carney highlighted the need for a sovereign AI stack that protects Canadian data and talent.

The article quotes Cohere CEO Aidan Gomez, who welcomed the support as a boost to research and commercial scaling. He stressed that the partnership will accelerate safe AI deployment, a narrative echoed across the sector.

For companies like ELP GPT, the story is a reminder that investors are increasingly demanding accountability and clear data stewardship. Our policy of never training on client conversations without consent aligns with the broader push for transparent AI.

The funding also raises the bar for competitive pricing and cost‑plus models, as governments expect value without hidden loss‑making tactics. It reinforces why we keep our pricing above cost from day one and eschew any growth-at-a-loss strategies.

— Edgar Melo Costa, founder

Founder’s notes are opinion. They are not investment, legal or professional advice.