Tovarisch ĐⓇØιD🕐🕘🕕🕒

🛑 Canada doesn't need AI corporate welfare! 🇨🇦 I like @cohere and want them to succeed, however, state ownership of companies and coercing (basically) the Maple 8 of pension funds to get on board, hardly ever works and usually results in selling down the road at a loss ... history bares this out. I also support Canada's AI ambitions and the importance of sovereignty through the five layers of the tech stack (1-grid/compute, 2-data/retrieval, 3-models/intelligence ... this is Cohere's sweet spot, 4-orchestration/application, and 5-the application layer for end users, both business and consumer). However, PM @MarkJCarney and AI Minister @EvanLSolomon have reverted to the vehicles of traditional funding tranches of @ISED_CA (and its predecessor departmental incarnations of Industry, ITC, DRIE, IST and IC) and regional development agencies, which has -- at a minimum to be conservative -- amounted to over $150 billion in non-inflation-adjusted spending. And the record for the past 50 years is ABYSMAL. Too many unpaid loans to count with companies still leaving Canada or going bankrupt, and job creation promises or even simple maintenance of existing jobs never achieved ... and our federal officials hardly ever folllow up on these and no federal Ministers held to account for undeniable policy and program failures. Dozens of ATIPS by me and others over the last 30 years are irrefutable in this respect. I wrote about this risk back in February for an IQVIA publication and also cautioned about this in the immediate aftermath of the AI for ALL policy release on June 4th. Sadly, my worst fears are coming true. 😢 And here's the bigger problem going forward; Cohere is starting to look more and more like Bombardier -- the long-favourite federal child for taxpayers largesse -- which WILL quickly erode and diminish their brand at home and will not embolden needed national buy-in and wider public support for Canada's noble and necessary AI ambitions. In fact, it will do the exact opposite. This is not public-private partnership, this is political patronage via corporate welfare ... and it is so 🤬ing wrong! Please read this piece by @CharlesLammam to better understand what is happening. ⤵️ Where are you ... @taxpayerDOTcom, @iedm_montreal, @AristotleFdn, and @avilewis as your grandfather railed against this misallocation of funds.