Phones Canada is excited to share the latest news on Canada’s investment in artificial intelligence. Prime Minister Justin Trudeau has announced a significant $2.4 billion investment plan from the upcoming 2024 Budget to boost Canada’s AI capabilities. Here’s what you need to know:

– The plan aims to stimulate job creation in the AI industry, support AI technology development, and ensure responsible implementation across various sectors.
– The main focus of the $2 billion investment will be on compute capabilities and infrastructure to support top AI researchers, startups, and scale-ups in Canada.
– An additional $200 million will be allocated through Canada’s Regional Development Agencies to promote AI startups and integration in key sectors like agriculture, clean technology, healthcare, and manufacturing.

Prime Minister Trudeau emphasized the importance of these investments for the Canadian economy: “AI has the potential to transform our economy and create good-paying jobs for Canadians.” He highlighted the goal of harnessing Canada’s advantage in AI to drive productivity and economic growth.

To support small and medium-sized businesses, $100 million will be invested in the NRC IRAP AI Assist Program. Additionally, $50 million will be set aside for retraining workers in industries likely to be disrupted by AI advancements.

In line with promoting safe development and deployment of AI technology, a new Canadian AI Safety Institute will be established with a $50 million investment. The 2024 Budget will also allocate funds for the Office of the AI and Data Commissioner to ensure responsible adoption of AI by Canadian businesses.

These significant investments demonstrate Canada’s commitment to advancing its position in artificial intelligence globally. Stay tuned for more updates as we await further details on how this plan will impact telecommunications affordability in Canada. Phones Canada looks forward to sharing more insights on this evolving landscape.