Canadian Government Allocates $2.4 Billion for Artificial Intelligence

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Canada,Government,Artificial Intelligence

The Canadian government plans to invest $2.4 billion in artificial intelligence, with the majority going towards a fund to provide access to computing capabilities and technical infrastructure. Prime Minister Justin Trudeau announced the investment during a pre-budget tour, stating that the government aims to consult with industry to develop a strategy for growing the AI sector in Canada. Additionally, funds will be allocated towards boosting AI adoption in sectors such as agriculture, healthcare, and clean technology, as well as establishing an AI safety institute.

The Liberal government is setting aside $2.4 billion in the upcoming budget to build capacity in artificial intelligence, Prime Minister Justin Trudeau announced Sunday.

The government plans to launch a $50-million AI safety institute to protect against what it calls “advanced or nefarious AI systems,” and another $5.1 million will go toward an Office of the AI and Data Commissioner to enforce the proposed Artificial Intelligence and Data Act. Yoshua Bengio, scientific director of the Mila Quebec AI Institute, said it’s important to look forward as AI will be transformative in the coming years — creating important economic opportunities but with certain risks attached.

Last week’s announcements were focused on housing, including money to help build apartments and affordable units. Federal Housing Minister Sean Fraser also said a full housing plan will be released ahead of budget day.

Source: News Formal (newsformal.com)

Canada Government Artificial Intelligence Investment Computing Capabilities Technical Infrastructure AI Adoption Agriculture Healthcare Clean Technology AI Safety Institute

 

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