Canadian Prime Minister Justin Trudeau revealed plans on Sunday for a significant investment in the country's artificial intelligence (AI) sector, as outlined in an upcoming budget. The package, totaling C$2.4 billion ($1.77 billion), aims to bolster Canada's position as a leader in AI technology.
According to a news release, the measures include a C$2 billion allocation to enhance computing capabilities and technological infrastructure accessible to AI researchers, start-ups, and scale-ups across Canada. This substantial investment is expected to catalyze innovation and propel the growth of the AI industry in the country.
Canada's budget, scheduled to be presented on April 16, underscores the government's commitment to fostering technological advancement and positioning Canada at the forefront of the global AI landscape. (Note: Conversion rate: $1 = 1.3588 Canadian dollars)