In Sunday’s pre-budget announcement, Prime Minister Trudeau said the federal government would pump $2.4 billion into artificial intelligence to grow jobs and boost global competitiveness.
The spending commitments announced Sunday are the latest in a series of pre-budget announcements.
Prime Minister Justin Trudeau announced Sunday that Canada’s artificial intelligence sector will receive billions of dollars in federal funding in the next federal budget.
“This announcement is an important step forward for our future, for workers, and to ensure that every generation, in every industry, has the tools to succeed and thrive in tomorrow’s economy,” Prime Minister Trudeau said in a news release accompanying the announcement. “This is a huge investment in our future.” announcement.
The bulk of the funding, $2 billion, will go towards computing and technology infrastructure for Canadian AI researchers and companies. In addition, he said $200 million is being channeled into other areas of AI technology through regional development agencies.
Additional investment will be made to help companies adopt AI, with $50 million aimed at supporting workers whose jobs may be affected by the introduction of AI.
This will continue in the future.
