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Canada to Invest CA$2.4 Billion in AI Sector in Upcoming Budget

by bollywoodfever · 07/04/2024

Canada to Invest CA$2.4 Billion in AI Sector in Upcoming Budget

On Sunday, Canadian Prime Minister Justin Trudeau announced that the forthcoming budget will feature a CA$2.4 billion (approximately US$1.77 billion) initiative aimed at bolstering the nation’s artificial intelligence (AI) sector, as per a recent news release.

This financial package is set to allocate CA$2 billion towards the development and provision of advanced computing capabilities and technological infrastructure, supporting Canada’s AI researchers, startups, and scale-ups.

The budget containing these measures is scheduled to be presented on April 16.

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bollywoodfever

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