$443 million investment aimed for the Pan-Canadian Artificial Intelligence Strategy

The federal government of Canada has recently announced that the Pan-Canadian Artificial Intelligence Strategy will receive a $443 million investment.

Indeed, François-Philippe Champagne, Minister of Innovation, Science and Industry, declared that artificial intelligence (AI) was a key part of Ottawa’s plan to make the economy stronger and that it will help harness the full potential of AI to accelerate trustworthy technology development while fostering diversity and cooperation across the AI domain.

The investment will cover Canada’s national AI institutes, Canada’s Global Innovation Clusters, the Standards Council of Canada, Canadian Institute for Advanced Research (CIFAR). This will aim to improve and grow AI research and commercialization as well as develop made-in-Canada AI solutions and advance the adoption of standards and a conformity assessment program related to AI.

It hopes to attract, retain, and develop academic research talent and maintain centers of research, innovation, and training at Canada’s national AI institutes. By doing so, the Minister wants Canada to become a leader in the digital and the data-driven economy and attract AI talents.