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Federal funding to help create artificial intelligence hub at U of A

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The federal government believes Edmonton and the University of Alberta will lead Canada into the coming artificial intelligence (AI) revolution, which is expected to increase global GDP by $15.7 trillion by 2030 and disrupt every facet of life. That's why Western Economic Diversification Canada announced $2.5 million for the creation of the Artificial Intelligence-Supercomputing Hub for Academic and Industry Collaboration at the U of A, today. The innovative space, designed to be a collaborative link between industry and academia to bring new AI products to market, will be equipped with high performance computers capable of processing vast amounts of raw data in hours instead of days. "In a market of such potential, Canada must take part and I believe Edmonton can lead us," said Amerjeet Sohi, federal minister of natural resources, who was on hand to make the announcement on behalf of the Government of Canada. "The AI-Hub will help Canada and Canadian businesses compete in the global innovation race to bring new technologies and products to market and bolster our economy."