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Canada unveils a CA$2.4B fund to boost its AI sector by giving access to computing capabilities and technical infrastructure and creates its AI Safety Institute

- The centerpiece is money for ‘technological infrastructure’  — Canada has yet to pass law regulating artificial intelligence

Bloomberg Mathieu Dion

Discussion

  • @hellodavidryan David on threads
    In honour of touching down in Canada, I present to you, the nation's $2.4B AI announcement (released on a Sunday for reasons).  - $2B for infrastructure, compute power, and an access fund - $200M for regional development in critical sectors - $100M program for small-mid sized bus…
  • @aidangomez Aidan Gomez on x
    Oh wow, Canada is playing to win the AI game again. https://www.pm.gc.ca/...
  • @cohere @cohere on x
    We're excited to see the Canadian government continues to play a global leadership role in fostering AI innovation. Now we will have the most forward-looking national compute and AI adoption strategy! https://www.pm.gc.ca/...
  • @ethancaballero @ethancaballero on x
    Canada is scaling to AGI with $2 billion of compute: https://www.pm.gc.ca/...
  • @mgeist Michael Geist on x
    Sunday government release on support for AI that includes $5.1M for enforcing AIDA, the AI portion of Bill C-27. Bill hasn't even cleared committee yet and the OPC alone estimated it would add $25M in costs. Not a serious estimate for a new commissioner. https://www.pm.gc.ca/...
  • @financecanada @financecanada on x
    Key measures in #Budget2024 were announced today, including $2 billion to build and provide access to computing capabilities and technological infrastructure for Canada's world-leading AI researchers, start-ups, and scale-ups. https://www.pm.gc.ca/... [image]
  • @mila_quebec @mila_quebec on x
    Mila welcomes this morning's announcement by Canadian Prime Minister @JustinTrudeau of a historic investment of over $2 billion in AI, including a strategic national computing infrastructure, and the establishment of an institute dedicated to AI safety research. [image]
  • @turnernovak Turner Novak on x
    @nathanbenaich Congrats to Canada on the Series E! Excited to see what they do in AI with this nine months of runway.
  • @nathanbenaich Nathan Benaich on x
    The Prime Minister, Justin Trudeau, today announced a $2.4 billion package of measures from the upcoming Budget 2024 to secure Canada's AI advantage. On a Sunday. Love it. [image]
  • @bradwouters Brad Wouters on x
    Some great news today on new support for AI in Canada. Important for both research institutions and new companies. Securing Canada's AI advantage | Prime Minister of Canada https://www.pm.gc.ca/...
  • @aidangomez Aidan Gomez on x
    $2.4B in funding, directly targeting compute and adoption. This is incredible, we've seen that Canadian enterprise has lagged international peers in adoption and this funding will shine a spotlight on that unlock more aggressive spend. https://twitter.com/...
  • @fp_champagne François-Philippe Champagne on x
    Today's announcement furthers our position as a leader in responsable AI. By investing $2.4M, we will: 📈Accelerate job growth in 🇨🇦's tech sector 🧑‍💻Provide infrastructure, helping researchers and businesses adopt AI 🌐Ensure responsible use and development of AI tech [image]
  • @muradhem Murad Hemmadi on x
    New from me: The federal government will spend $2B to build sovereign AI compute capacity, funding access for startups and researchers in the meantime. Canada is also setting up its own AI safety institute. Liberals made #Budget2024 announcement Sunday. https://thelogic.co/...
  • @mariekewalsh Marieke Walsh on x
    PM Justin Trudeau is in Montreal today for another budget announcement. This time: $2.4-billion for AI and computing capabilities and infrastructure. Here's @Joe_Castaldo in the Globe last month on how Canada was falling behind in the field https://www.theglobeandmail.com/ ...
  • @davidcoletto David Coletto on x
    I think there's a real chance most people who see this headline will feel more threats than opportunities in it. — Prime Minister Justin Trudeau announces $2.4-billion to build Canada's AI capacity - The Globe and Mail https://www.theglobeandmail.com/ ...
  • r/wallstreetbets r on reddit
    Canada Investing into AI
  • r/technology r on reddit
    Trudeau Unveils $1.8 Billion Plan to Boost AI Sector in Canada
  • r/worldnews r on reddit
    Trudeau Unveils $1.8 Billion Plan to Boost AI Sector in Canada
  • r/CanadianIdiots r on reddit
    Trudeau Unveils $1.8 Billion Plan to Boost AI Sector in Canada
  • r/canada r on reddit
    Trudeau announces $2.4 billion for AI-related investments
  • r/artificial r on reddit
    Trudeau Unveils $1.8 Billion Package for Canada's AI Sector