Canada Sets Up $93 Million Fund To Promote Artificial Intelligence in its Academies - Nearshore Americas

Canada's federal government has set up a CAD$125 million (US$93 million) fund to support academic and research activities in artificial intelligence (AI). The investment will put the Canadian Institute for Advanced Research (CIFAR) in charge of bolstering the country's resources in AI. The institute will use the money to increase the number of post-graduate trainees and researchers studying artificial intelligence, and promote collaboration between the country's major technology research universities in Montreal, Toronto-Waterloo, and Edmonton. "The Canadian government clearly recognizes the importance of artificial intelligence," said Dr. Alan Bernstein, President and CEO of CIFAR. "It will help build a stronger and more innovative economy, create high value jobs, improve transportation, and lead to better and more efficient healthcare and social services."