AI and FinTech: What's next for Canada's hottest sectors?

For the past several quarters, AI has been a tremendous source of funding and hype for Canada. With a federal government directive to invest in Canadian AI and evangelists like Yoshua Bengio and Geoffrey Hinton garnering global acclaim, it's no wonder that tech companies like Samsung, Microsoft, and Uber have set up shop here. However, last quarter the sector stumbled; according to PwC's latest MoneyTree report for Q3 2018, AI funding decreased from Q2 2018's $222 million CAD ($169 million USD) to $138 million CAD ($106 million USD). Part of the reason for the bump in Canadian FinTech interest is regtech. In comparison, FinTech boasted $150 million CAD ($115 million USD) in funding, a 31 percent increase from the previous quarter.