Canadian Prime Minister Justin Trudeau has announced a significant investment of $2.4 billion in artificial intelligence (AI) to be included in the 2024 budget. This decision comes as part of the government’s efforts to boost Canada’s position as a global leader in the field of AI.
During a virtual press conference, Trudeau stated that this investment will support the development and adoption of AI technologies across various sectors, including healthcare, agriculture, and transportation. He emphasized the potential of AI to drive economic growth, create jobs, and improve the lives of Canadians.
The Prime Minister also highlighted the importance of responsible and ethical AI development, stating that the government will work closely with industry experts and researchers to ensure that AI is used in a way that benefits all Canadians.
This investment builds upon the government’s previous commitments to AI, including the Pan-Canadian Artificial Intelligence Strategy and the creation of the Canadian Institute for Advanced Research (CIFAR) AI Chairs program. These initiatives have already made significant contributions to the growth of Canada’s AI sector and have attracted top talent from around the world.
The $2.4 billion investment will be spread out over five years and will be used to support research and development, commercialization, and talent development in the AI field. It will also fund the creation of a national AI data strategy, which will help to ensure that AI is used responsibly and ethically.
Trudeau’s announcement has been met with enthusiasm from industry leaders and experts, who see this investment as a crucial step towards establishing Canada as a global leader in AI. They believe that this funding will not only drive innovation and economic growth but also help to address some of the most pressing challenges facing our society.
In conclusion, the Canadian government’s investment of $2.4 billion in AI is a significant step towards harnessing the potential of this technology for the benefit of all Canadians. With a focus on responsible and ethical development, this investment has the potential to transform various industries and improve the lives of Canadians for years to come.
