Canada Looking To Maintain "Competitive Edge" In AI With $2.4 Billion Commitment

The Federal government is setting aside $2.4 billion in its upcoming budget to build capacity in artificial intelligence. In this announcement, Justin Trudeau stated the $2.4 billion package will accelerate job growth in Canada's AI sector, boost productivity by helping researchers and businesses develop and adopt AI, and ensure this is done responsibly.

The $2.4 billion package is expected to be allocated broadly:

• Investing $2 billion to build and provide access to computing capabilities and technological infrastructure for Canada's world-leading AI researchers, start-ups, and scale-ups.
• Investing $200 million in boosting AI start-ups to bring new technologies to market, and accelerating AI adoption in critical sectors.