Toronto's push to become a global leader in artificial intelligence (AI) is finding support from all levels of government, academia and private businesses. The University of Toronto's newly unveiled Vector Institute for Artificial Intelligence will be receiving $50 million in funding from the province of Ontario, in addition to $40-50 million over the next five years from the federal government and $80 million over 10 years from the private sector. "We're in a period of great transition in our economy with technology disrupting, challenging, and improving the way we live and work," Premier Kathleen Wynne told the crowd at the official launch of Vector's new headquarters in the MaRS Discovery District in downtown Toronto on Mar. 30. "When everything is changing as fast as it is, we have two options: follow or lead. With the launch of Vector, Ontario is choosing to lead the next great leap forward in technology, innovation and talent."