13 days agoCanada Commits Up to C$1.6B to Cohere for Sovereign AI Capacity
Canada announced a staged equity investment of up to C$1.6 billion in Cohere, tied to commitments on Canadian jobs, computing infrastructure, corporate residency, research partnerships, and AI safety. The investment is not a procurement award or a government purchase, but may expand Cohere’s capacity as a potential supplier and signals Canada’s approach to supporting sovereign AI.
143 days agoIndiaAI Mission Invests in Sarvam AI Startup to Boost Domestic AI Innovation
The Government of India is acquiring a 1-2% stake in AI startup Sarvam, part of the **₹10,371 crore** IndiaAI Mission. This strategic investment leverages convertible debentures linked to subsidized GPU compute resources, emphasizing a shift towards direct equity participation in fostering AI capabilities and reducing reliance on foreign technologies.
145 days agoNepal's Government Invests in Reviving Hetauda Textile Industry After Two Decades
The Government of Nepal, through its Ministry of Industry, is investing **3.3 million rupees** to repair and restart operations at the historic Hetauda Textile Industry, which has been closed for over 20 years. A **1.93 billion rupees** modernization plan is also in the works, creating significant procurement opportunities for contractors in the textile sector.