Record funding for Element AI shines spotlight on Canada's artificial intelligence boom - Article - BNN

Canada's fast-growing artificial intelligence industry has received another shot in the arm. Element AI, a Montreal-based startup, has raised $137.5 million in what Element is calling the "largest Series A funding round for an artificial intelligence company in history." Element has previously described itself as an artificial intelligence startup incubator, with the company hoping to build AI businesses from research being done at leading Canadian schools, including the Université de Montréal, where Element Co-Founder Yoshua Bengio teaches. "We have this lead and we have built a huge group here in Montreal that's now attracting industry, startups, new companies like Element AI -- it's amazing how much things are moving and how much energy there is," Bengio told BNN in a recent television interview from the C2 tech conference in Montreal. Famous investor Mark Cuban thinks so.