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What you need to know
- Canada’s planned $2.4 billion investment in AI will focus on increasing computing capacity for AI research, startups and scale-ups.
- Prime Minister Justin Trudeau highlighted the investment’s potential to spur job creation and increase research and business productivity in the field of AI.
- The bulk of the investment, approximately C$2 billion, will go toward enhancing computing capabilities and infrastructure.
Canada’s Liberal government has unveiled a $2.4 billion package aimed at boosting the country’s artificial intelligence (AI) capabilities.
According to CBC, the Canadian government will use the 2024 budget to pump money into increasing computing capacity for domestic AI researchers, startups and scaling up.
Prime Minister Justin Trudeau said this investment will accelerate job creation in Canada’s AI sector and help Canada realize the full potential of AI by increasing research and business productivity. said.
The bulk of the investment (C$2 billion) will go toward enhancing computing capabilities and infrastructure. This support will benefit Canada’s leading AI researchers and startups and lead to the establishment of the Canadian AI Sovereign Computing Strategy.
Currently, Canada relies heavily on privately owned computing systems, which likely refers to cloud services provided by companies based outside the country. This raises security concerns as the data stored on these systems can be vulnerable to external access.
Deputy Prime Minister Chrystia Freeland said at a press conference on Sunday that the fund would allow Canada to store and process data within its borders, potentially improving national security, the Toronto Star reports. suggested that there is.
Freeland believes Canada has the resources to build its own supercomputing infrastructure. This includes access to clean electricity to power the system, skilled engineers to design and maintain the system, a cold climate to help with cooling, and sufficient space to accommodate large facilities. It will be.
In addition, C$200 million will be allocated from Canada’s Regional Development Agency to encourage AI startups and strengthen AI integration across critical sectors such as agriculture, healthcare, clean technology, and manufacturing.
Generative AI models are rapidly advancing, driven by pioneers like OpenAI with ChatGPT and Google’s Gemini. Canada seems keen to develop its own competitors in this area.
The Canadian government is also investing $50 million to establish an AI safety institute. The institute will likely research and develop safeguards to reduce risks posed by “sophisticated or nefarious AI systems.”
An additional $5.1 million would be directed to the Office of the AI and Data Commissioner, whose role could be to enforce the proposed Artificial Intelligence and Data Act. This legislation will establish guidelines and regulations for the development, use and monitoring of AI in Canada.
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