Adobe set to join rush of foreign giants opening AI labs in Canada

Adobe Systems Inc. is the latest foreign technology giant planning to open an artificial intelligence lab in Canada. The Silicon Valley software giant, best known for document-creation products Photoshop and Acrobat, says it is looking for a Toronto-based AI lab director to "establish a cutting-edge research lab in artificial intelligence, that will both push the state-of-the-art and have a profound impact on Adobe's products," according to a job posting on LinkedIn. An Adobe spokesperson declined to elaborate on the company's plans, saying it does "not comment on rumours or speculation." Adobe would follow foreign giants NVIDIA Corp., Facebook Inc., Microsoft Corp., Uber Technologies, Google Parent Alphabet Inc., Thales SA and Samsung Electronics Co. Ltd., Fujitsu Ltd. and LG Electronics Inc., who have opened AI labs in Toronto, Montreal, Edmonton or Vancouver or disclosed plans to do so. Meanwhile, National Bank of Canada is also looking to ramp up its AI practice.