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Government of Canada finalizes investment to support Canadian-Born AI leader, Cohere

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Investment will boost domestic compute capacity to strengthen the Canadian AI ecosystem

OTTAWA, ON, March 20, 2025 /CNW/ – Today, the Honourable Anita Anand, Minister of Innovation, Science and Industry, announced that the Government of Canada has finalized its investment of up to $240 million in Cohere Inc.‘s $725 million project to bring domestic compute capacity to Canada and support the development and scaling of AI capabilities here at home.

This federal investment will incentivize new cutting-edge AI compute infrastructure with the development of a new multi-billion-dollar AI data centre, located in Canada, that will come online this year. This will enable Cohere to accelerate the commercialization of its large language models at a new domestic data centre, driving growth and allowing Cohere to compete for global market share against other well-funded international competitors. Access to additional domestic compute capacity will support the expansion of other Canadian firms developing AI technologies in this rapidly growing sector.

Cohere is the first funding recipient of the AI Compute Challenge, announced in December 2024 under the Canadian Sovereign AI Compute Strategy. The AI Compute Challenge supports the Canadian AI ecosystem through increased domestic AI compute capacity. Access to cutting-edge compute infrastructure, we are maintaining Canada’s leadership in AI, empowering researchers and industries to thrive.

Quotes

“Artificial intelligence is reshaping our world, and Canada is leading the way. Canadian AI leaders like Cohere drive rapid growth in our domestic AI industry, fuel economic expansion and boost productivity. We are proud to make strategic investments to support Canadian innovators, build capacity here at home and boost our economy.”
 – The Honourable Anita Anand, Minister of Innovation, Science and Industry

Canada has long been a global leader in supporting AI, and this is a major step to ensure it maintains that position. Cohere is pleased to actively participate in this project that will help support Canadian technology development, and also help address data sovereignty needs, particularly for companies in highly regulated industries.”
Aidan Gomez, Co-founder and CEO, Cohere Inc.

Quick facts

Cohere Inc. is a Canadian-founded technology company focused on AI for businesses. The company, founded in 2019, specializes in chatbots, search engines, summarization and other AI-driven products and has become a champion in the AI world.The Government of Canada is allocating $2 billion from Budget 2024 to the Canadian Sovereign AI Compute Strategy. The strategy will ensure that Canadian businesses, innovators and researchers have access to the compute capacity they need to develop made-in-Canada AI products and drive frontier research. This will be accomplished through a series of investments to meet short-, medium- and long-term compute needs:Up to $700 million through the AI Compute Challenge to support projects from industry, academia and the private sector to build Canadian AI data centres. There is an application process for these funds, with priority given to Canadian projects that can demonstrate a high rate of return on public investment, sustainability and other markers of success.Up to $705 million through the AI Sovereign Compute Infrastructure Program to build a state-of-the-art Canadian-owned and -located high-performance supercomputing system that will anchor national AI-specific computing infrastructure to meet the needs of Canada’s world-class research and innovation ecosystem. In addition, a smaller secure computing system, to be led by Shared Services Canada and the National Research Council of Canada, will also be established for government and industry to perform research and development, including for national security purposes. In the near term, up to $200 million will be provided to augment existing public compute infrastructure to address immediate needs.Up to $300 million through the AI Compute Access Fund to support the purchase of AI compute resources by innovative Canadian SMEs. This will meet the near-term needs of businesses as the government encourages increased private capital to build domestic compute capacity.The Government of Canada is supporting the responsible development and adoption of AI across the Canadian economy through a suite of measures—including the Canadian Artificial Intelligence Safety Institute and the Voluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems.

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Canadian Sovereign AI Compute StrategyArtificial intelligence ecosystemAI Compute ChallengeSovereign Compute Infrastructure ProgramDeputy Prime Minister announces $240 million for Cohere to scale-up AI compute capacity

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LONGi Chairman Zhong Baoshen Attends Boao Forum for Asia: Continuously Deepening China-Australia Tech Collaboration in Clean Energy

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BOAO, China, March 29, 2025 /PRNewswire/ — From March 25 to 28, the Boao Forum for Asia 2025 Annual Conference, themed “Asia in the changing World: Towards a shared Future.” will be held in Boao, Hainan, China. Zhong Baoshen, Chairman of LONGi, was invited to participate in the China-Australia Business Leaders Forum on March 26 under the theme “Deepening China-Australia Cooperation to Foster an Open Economy.” During the event, he shared solutions and future plans from the renewable energy sector on topics including promoting regional trade and investment growth, strengthening sci-tech innovation collaboration and industrial development, and advancing global energy transition.

Zhong stated that LONGi actively embraces the open economic environment brought by the Regional Comprehensive Economic Partnership (RCEP), which provides long-term momentum for regional trade and investment growth, particularly facilitating deeper cooperation between China and Australia in renewable energy. For instance, the Memorandum of Cooperation on Deepening Implementation of the Free Trade Agreement signed between China and Australia in June 2024 has created more favorable investment and service trade conditions for clean energy industries such as photovoltaics (PV). Australia boasts abundant solar resources, and LONGi is supplying high-efficiency PV modules, BIPV (Building Integrated Photovoltaics) products, and hydrogen production equipment to the local market through its Australian subsidiary, driving growth in the local PV and green hydrogen sectors. Additionally, LONGi will leverage RCEP’s trade facilitation to optimize global supply chains, deepen its market presence in Australia, and collaborate with local enterprises to advance carbon neutrality goals.

Regarding efforts to establish common Environmental, Social, and Governance (ESG) standards between China and Australia, Zhong emphasized LONGi’s support for unified green standards to reduce uncertainties in certification, carbon accounting, and supply chain management for renewable energy projects, thereby enhancing investment and trade efficiency. LONGi has already committed to 100% renewable energy manufacturing through initiatives like RE100, EP100, EV100, and the Science-Based Targets initiative (SBTi), actively promoting green manufacturing and reducing the carbon footprint of the PV industry chain to provide more eco-friendly products for Australia’s energy transition. The company also advocates for Sino-Australian collaboration in green investment and carbon trading, promoting ESG financial tools such as green bonds and carbon credit mechanisms to secure long-term funding for renewable energy projects.

In closing, Zhong summarized how Chinese and Australian enterprises can strengthen technological collaboration to foster healthy growth for both businesses and related industries. He highlighted that technological innovation is the core driver of sustainable development in the PV sector. LONGi is committed to deepening Sino-Australian sci-tech cooperation in clean energy, leveraging cutting-edge technologies to enhance energy efficiency and drive industry transformation. For example, through platforms like the China-Australia Joint Committee on Science and Technology Cooperation, LONGi will expand joint R&D with Australian universities, research institutions, and enterprises to explore more efficient and sustainable PV technologies.

As early as 2018, LONGi established a long-term technical partnership with the University of New South Wales (UNSW), collaborating on research into high-efficiency PV technologies, renewable energy system optimization, and talent development in the field. The two parties also jointly launched a research project on “PV-Powered Water Treatment Systems,” exploring PV applications in environmental protection. Furthermore, LONGi’s world-record-breaking monocrystalline silicon cell efficiency of 27.30% and its 34.6% crystalline silicon-perovskite tandem cell efficiency—both recognized as global benchmarks—have been included in the Solar Cell Efficiency Tables by Professor Martin Green, the “Father of Photovoltaics” at UNSW.

Notably, Australia ranks among the global leaders in rooftop solar adoption, with solar power once accounting for 80.5% of electricity supply in Western Australia, reflecting strong public acceptance and participation. The Australian government has also set a target for 82% of its electricity to come from renewables by 2030. Zhong concluded by emphasizing that in the context of deep decarbonization, electricity alone cannot meet all energy demands. Therefore, LONGi has strategically expanded into green hydrogen and green methanol businesses, converting low-cost clean electricity into green liquid and gaseous energy forms. Looking ahead, LONGi aims to deliver optimal solutions across photovoltaic systems, green hydrogen, and green methanol sectors. This strategy seeks to contribute greater value to the global energy transition while expanding the company’s long-term growth opportunities.

Moving forward, LONGi will work closely with strategic partners in Australia to jointly achieve this goal. With policy support, infrastructure development, and technological innovation, Australia’s energy transition is poised to advance steadily toward a sustainable future.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established several business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com/

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SOURCE LONGi

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BRI Holds 2025 Annual General Meeting of Shareholders (AGMS), Distributes IDR 51.73 Trillion in Dividends and Prepares for IDR 3 Trillion Buyback

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JAKARTA, Indonesia, March 29, 2025 /PRNewswire/ — PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) held its Annual General Meeting of Shareholders (AGMS). At this year’s AGMS, BRI approved the distribution of dividends amounting to IDR 51.73 trillion, an increase compared to the 2024 dividend of IDR 48.10 trillion. In addition, BRI will also carry out a share buyback of up to IDR 3 trillion.

BRI’s 2025 AGMS approved 10 agenda items, with three key topics highlighted by Corporate Secretary Agustya Hendy Bernadi: dividend distribution, share buyback, and management changes.

Use of the Company’s Net Profit (Cash Dividend Distribution)

For the 2024 fiscal year, BRI posted a consolidated net profit of IDR 60.15 trillion, allocating up to IDR 51.73 trillion for cash dividends. An interim dividend of IDR 20.33 trillion (IDR 135 per share) was distributed on January 15, 2025, leaving a remaining payout of up to IDR 31.40 trillion. Of the total, IDR 27.68 trillion will go to the state, with the rest distributed proportionally to shareholders listed on the recording date.

Share Buyback Plan

In addition to the dividend distribution, BRI’s 2025 AGMS also approved the company’s plan to repurchase or buy back shares in an amount of up to IDR 3 trillion. The buyback will be carried out through the Stock Exchange or outside the Stock Exchange.

Changes to the Company’s Management

The 2025 AGMS resolved changes to the company’s management, including the honorable discharge of the following 19 individuals, among them Sunarso as President Director and Catur Budi Harto as Deputy President Director.

Additionally, BRI appointed 16 individuals, including Hery Gunardi as President Director and Hakim Putratama as Director of Operations.

The AGMS also reassigned Agus Noorsanto from Director of Wholesale and Institutional Business to Deputy President Director, and Ahmad Solichin Lutfiyanto from Director of Compliance to Director of Human Capital & Compliance.

In total, BRI’s 2025 AGMS discussed and resolved 10 agenda items. The complete resolutions are available on the BRI website at www.bri.co.id

“The decisions made in this AGMS reflect BRI’s commitment to continuously improve performance and deliver added value to shareholders and other stakeholders,” concluded Hendy.

For more information about BANK BRI, visit www.bri.co.id

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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)

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Redefining the transistor: The ideal building block for artificial intelligence

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SINGAPORE, March 28, 2025 /PRNewswire/ — The team led by Associate Professor Mario Lanza from the Department of Materials Science and Engineering in the College of Design and Engineering at the National University of Singapore, has just revolutionised the field of neuromorphic computing by inventing a new super-efficient computing cell that can mimic the behaviour of both electronic neurons and synapses. The work, titled “Synaptic and neural behaviours in a standard silicon transistor” was published in the scientific journal Nature on 26 March 2025 and is already attracting interest from leading companies in the semiconductor field.

Electronic neurons and synapses are the two fundamental building blocks of next-generation artificial neural networks. Unlike traditional computers, these systems process and store data in the same place, eliminating the need to waste time and energy transferring data from memory to the processing unit (CPU). The problem is that implementing electronic neurons and synapses with traditional silicon transistors requires interconnecting multiple devices — specifically, at least 18 transistors per neuron and 6 per synapse. This makes them significantly larger and more expensive than a single transistor.

The team led by Professor Lanza has found an ingenious way to reproduce the electronic behaviours characteristic of neurons and synapses in a single conventional silicon transistor. The key lies in setting the resistance of the bulk terminal to a specific value to produce a physical phenomenon called “impact ionisation,” which generates a current spike very similar to what happens when an electronic neuron is activated. Additionally, by setting the bulk resistance to other specific values, the transistor can store charge in the gate oxide, causing the resistance of the transistor to persist over time, mimicking the behaviour of an electronic synapse. Making the transistor operate as a neuron or synapse is as simple as selecting the appropriate resistance for the bulk terminal. The physical phenomenon of “impact ionisation” had traditionally been considered a failure mechanism in silicon transistors, but Professor Lanza’s team has managed to control it and turn it into a highly valuable application for the industry.

This discovery is revolutionary because it allows the size of electronic neurons to be reduced by a factor of 18 and that of synapses by a factor of 6. Considering that each artificial neural network contains millions of electronic neurons and synapses, this could represent a huge leap forward in computing systems capable of processing much more information while consuming far less energy. Furthermore, the team has designed a cell with two transistors — called Neuro-Synaptic Random Access Memory (NSRAM) — that allows switching between operating modes (neuron or synapse), offering great versatility in manufacturing since both functions can be reproduced using a single block, without the need to dope the silicon to achieve specific substrate resistance values.

The transistors used by Professor Lanza’s team to implement these advanced neurons and synapses are not cutting-edge transistors like those manufactured in Taiwan or Korea, but rather traditional 180-nanometer node transistors, which can be produced by Singapore-based companies. According to Professor Lanza, “once the operating mechanism is discovered, it’s now more a matter of microelectronic design”.

The first author of the paper, Dr Sebastián Pazos, who is from King Abdullah University of Science and Technology, commented, “Traditionally, the race for supremacy in semiconductors and artificial intelligence has been a matter of brute force, seeing who could manufacture smaller transistors and bear the production costs that come with it. Our work proposes a radically different approach based on exploiting a computing paradigm using highly efficient electronic neurons and synapses. This discovery is a way to democratise nanoelectronics and enable everyone to contribute to the development of advanced computing systems, even without access to cutting-edge transistor fabrication processes.”

Read more at: https://news.nus.edu.sg/advancing-semiconductor-devices-for-artificial-intelligence.

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SOURCE National University of Singapore

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