Investing In The Future: Navigating The Risks And Rewards In AI-Related Transactions

Following the release of ChatGPT in late 2022, the significant developments in artificial intelligence ("AI") over the last several years – and in generative AI in particular – have caught the attention of investors and business leaders throughout Canada. In Ontario alone, there have been approximately $1.16 billion in AI-related venture capital investments over the past year, with 312 companies investing in the Ontario AI ecosystem and 27 new AI companies established in the province. In addition, there has been a 23% increase in AI research and development spending or budgets, with 68% of chief executive officers reporting adopting AI solutions and 248 new AI-related patents filed across Canada.¹