Canada bets big on artificial intelligence with AI institute details expected this week - Article - BNN

The federal government is poised to unveil a new artificial intelligence institute, marking a major coordinated effort intended to keep Canada at the forefront of AI research. An announcement regarding the institute, which will have strong ties to the University of Toronto, is expected as early this week, according to two sources with direct knowledge of the plan. Along with federal assistance, the institute will receive funding from Ontario's government as well as leading Canadian companies from a range of industries. All told, the total financial commitment is expected to top $100 million, according to two sources familiar with the announcement. Along with driving more research in the area of AI, the funds are expected to help Canada retain high-priced talent to ensure AI startups succeed.