Trudeau unveils US$1.8 billion package for Canada’s AI sector
==========
Canada's Prime Minister Justin Trudeau has announced a C$2.4 billion (US$1.8 billion) package of measures to boost the country's artificial intelligence (AI) sector. The centrepiece of the package is C$2 billion (US$1.47 billion) allocated for 'computing capabilities and technological infrastructure' to accelerate the work of AI researchers, start-ups, and other firms. The funds will also be used to speed up the adoption of AI in sectors such as agriculture and healthcare. Trudeau stated that the funds will help create well-paid jobs for Canadians, especially young Canadians, and boost productivity and economic growth. The announcement was made in Montreal, one of Canada's AI hubs. The government also announced the creation of the Canadian AI Safety Institute with a budget of C$50 million. Canada has yet to adopt a law to regulate AI, and the proposed Artificial Intelligence and Data Act is still under consideration by members of parliament.
#Canada #ArtificialIntelligence #AiSector #Funding #Technology #Economy