Trudeau Unveils $1.8 Billion Package for Canada’s AI Sector
artificial
Trudeau Unveils $1.8 Billion Package for Canada’s AI Sector
Article description: Canada is launching a fund to boost its artificial intelligence sector and creating a new AI safety institute. Key points: Canada is launching a C$2.4 billion ($1.8 billion) package of measures to boost its artificial intelligence...
artificial

Trudeau Unveils $1.8 Billion Package for Canada’s AI Sector

Article description: Canada is launching a fund to boost its artificial intelligence sector and creating a new AI safety institute.

Key points:

  • Canada is launching a C$2.4 billion ($1.8 billion) package of measures to boost its artificial intelligence (AI) sector, including C$2 billion for "computing capabilities and technological infrastructure" to accelerate the work of AI researchers, startups, and companies.
  • The government is also creating a new C$50 million Canadian AI Safety Institute to address concerns about the trajectory of AI development, as expressed by renowned AI researcher Yoshua Bengio and others.
  • This announcement is part of a broader series of spending announcements by Prime Minister Justin Trudeau's government ahead of the release of the 2024-25 federal budget on April 16.

Source (Bloomberg)

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