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On October 30, 2026, Cohere announced progress on its Canadian investment plan, expecting to invest more than C$4 billion in R&D and AI infrastructure by 2031 and create more than 1,500 jobs, of which about 1,000 will be technical roles in AI research, engineering, and product development. The plan began in 2024 and will also provide more than 250 paid student positions by 2029, along with research partnerships with the University of Toronto, the University of Waterloo, and others. Cohere has entered into a C$309 million GPU cloud partnership with Bell AI Fabric to run its models on Canadian sovereign infrastructure. On the same day, Unite.AI reported that the Canadian government had announced the previous day an equity investment of up to C$1.6 billion, joined by private investors including NVIDIA, Bell, and Schwarz Group, with the investment made in stages and regular reporting on employment and investment progress; under the agreement, Cohere must create at least 1,000 high-paying technical jobs by 2030 and invest at least an additional C$1.7 billion in computing infrastructure in Canada, while retaining its Canadian registration and headquarters.
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October 31 AI Daily Brief: Anthropic subscription renamed, Grok Bot 1.0 releasedDevelopments
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Cohere announces C$4 billion in new investment and 1,500+ jobs in Canada
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Oct 31
Testing Catalog
October 31 AI Daily Brief: Anthropic subscription renamed, Grok Bot 1.0 released
Anthropic renamed Max 5x to Max ($100) and Max 20x to Ultra ($200), and the verified Ultra version removed the 5-hour limit; the maximum request size for the Claude API increased from 32 MB to 128 MB. The first stable version of xAI's Grok Bot 1.0 is available for download, with new per-bot voice and voice language settings. NVIDIA open-sourced the 9.6M-parameter voice cleanup model RE-USE, and Pika released the open-weight video model H3 Flex.
Latent Space
Google Admits AI Mode Drags Down Search Revenue, Market Cap Falls 15% in a Single Day, Erasing $500 Billion
Google Chief Business Officer Philipp Schindler said in the earnings report that AI Mode queries are growing strongly, but AI Mode's monetization capability is lower, which has affected revenue. Combined with other poor earnings data, tech stocks fell sharply, and Google's market cap dropped 15%, about $500 billion, its worst performance since its 2004 IPO. The article also mentions that OpenAI is raising funds at a $1.25 trillion valuation rather than $1.4 trillion, and the backdrop of cooling public-market sentiment toward AI.
Oct 30
Unite.AI
Cohere expects to create more than 1,500 jobs and invest more than CAD 4 billion in Canada by 2031
On October 30, 2026, Cohere said that its multi-year Canadian investment plan, launched in 2024, is expected to create more than 1,500 local Canadian jobs and bring more than CAD 4 billion in research and development and AI infrastructure investment by 2031, of which about 1,000 will be technical roles in AI research, engineering, product, infrastructure, and deployment. A day earlier, the Canadian government announced an equity investment of up to CAD 1.6 billion, joined by private investors including NVIDIA, Bell, and Schwarz Group, with the investment carried out in stages and regular reporting on employment and investment progress. Under the agreement, Cohere must create at least 1,000 high-paying technical jobs by 2030 and invest at least an additional CAD 1.7 billion in computing infrastructure in Canada, while retaining its Canadian registration and headquarters.
Cohere Product and Research BlogFirst-party
Cohere Advances CAD 4 Billion AI Investment in Canada, Will Create 1,500+ Jobs
Cohere has announced progress on its investment plan in Canada, expecting to invest more than CAD 4 billion in R&D and AI infrastructure by 2031 and create more than 1,500 jobs, of which about 1,000 will be technical roles in AI research, engineering, and product development. The plan began in 2024 and will also provide more than 250 paid student positions by 2029, along with research partnerships with the University of Toronto, the University of Waterloo, and others. Cohere has reached a CAD 309 million GPU cloud partnership with Bell AI Fabric to run its models on Canadian sovereign infrastructure.
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