Kitchener-Waterloo company doubles investment in Ireland as Canada makes AI agreements with the country.<\/p>\n
<\/p>\n
Kitchener-Waterloo-based OpenText said it will create 400 new jobs in Ireland as Prime Minister Mark Carney advanced relations with the country in a state visit last week.\u00a0<\/p>\n
The news: Information management software provider OpenText announced on Friday that it will invest 105 million euros ($170 million CAD) into its Irish operations, creating 400 new jobs over the next three years in its Cork and Galway offices.<\/p>\n
The announcement came on the heels of Carney\u2019s visit to Ireland, which resulted in a partnership commitment<\/a> between the two countries. The partnership includes a deepened cooperation on AI through Canada\u2019s AI for All strategy and Ireland\u2019s new \u201cDigital Ireland\u201d strategy.\u00a0<\/p>\n From the source: A joint statement<\/a> between Carney and Irish Prime Minister Miche\u00e1l Martin pointed to OpenText\u2019s investment in Ireland as evidence that the results of the countries\u2019 AI partnership were \u201cimmediate.\u201d\u00a0<\/p>\n \u201cOpenText\u2019s investment in Ireland is a strong endorsement of the deep and growing economic partnership between Ireland and Canada,\u201d Martin said in the\u00a0 statement.\u00a0<\/p>\n RELATED: OpenText lays off four percent of its global workforce<\/a><\/p>\n Following the thread: OpenText said this commitment doubles its investment in Ireland and will significantly expand its capabilities in agentic AI, cybersecurity, sovereign cloud, and digital operations for the European, Middle East, and African (EMEA) market.\u00a0<\/p>\n The company said it also intends to explore university and research collaboration in Ireland, with potential partnerships focused on AI, cybersecurity, and secure digital operations.<\/p>\n Final thought: In addition to an AI partnership, the Canada-Ireland joint statement promised to deepen collaboration between the two countries in research, innovation, and emerging technologies.\u00a0<\/p>\n Canada has collected similar partnerships from countries like the United Kingdom<\/a> and Germany<\/a>, and Canadian companies have subsequently expanded into those countries. Toronto-based LLM developer Cohere announced on Monday that it\u2019s tripling its UK footprint<\/a> with a new London office, not too long after it acquired Germany\u2019s Aleph Alpha<\/a> to create a \u201ctransatlantic AI powerhouse.\u201d<\/p>\n Feature image courtesy OpenText.<\/p>\n","protected":false},"excerpt":{"rendered":"Kitchener-Waterloo company doubles investment in Ireland as Canada makes AI agreements with the country.
Kitchener-Waterloo-based OpenText said…\n","protected":false},"author":2,"featured_media":89517,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[31177,32124,3841,34096,111,94,34095],"class_list":["post-89516","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mark-carney","tag-micheal-martin","tag-briefs","tag-govt","tag-kitchener-waterloo","tag-mark-carney","tag-ontario","tag-opentext"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/89516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=89516"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/89516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/89517"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=89516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=89516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=89516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}