Canada invests $2.4 billion in AI sector

The investment aims to boost job growth, productivity, and international competitiveness.

Prime Minister Justin Trudeau announced a $2.4 billion investment in the artificial intelligence sector, focusing on job growth and international competitiveness.
The majority of the funding, $2 billion, will be allocated towards computing and technological infrastructure for Canadian AI researchers and companies.
An additional $200 million will support AI technology in various sectors through regional development agencies, with further investments to help businesses incorporate AI.
$50 million is dedicated to helping workers whose jobs may be affected by AI adoption, and another $50 million for the establishment of a Canadian AI Safety Institute.
The investment is part of a pre-budget announcement, with more details expected in the 2024 Budget to be tabled on April 16.