AI Business is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Canadian Government Invests C$170m Into the Future of AI

by Ed Lauder
Article Image

The Canadian government has confirmed their intentions to become one of the world leaders in AI by investing a reported C$170m into the Vector Institute, which will conduct research into the new technology.

A lot of governments are now clambering to become the world leaders in AI. For instance, the UK government revealed their plans to invest £17m into artificial intelligence. Yet the Canadian government's recent investment in the new technology makes the UK's seem rather pitiful. Canada has launched a C$170m ($127m) investment into the Vector Institute, which will be hosted by the University of Toronto.

This institute's main aim will be to work with universities and tech companies to enhance our understanding of AI, and in turn, be part of its progress by helping AI start-ups and more established companies benefit from their research into the new technology.

The race to acquire the best experts in AI has already begun, and since there's such a lack of them, companies like Facebook are starting to develop talent from within their own ranks by setting up AI classes for their employees. Many of these companies have been looking to academia for talent and have poached key researchers and lectures such as Andrew Ng, who incidentally recently left his position at Baidu.

The Vector Institute has been backed by both the Canadian and Ontario governments, and other sponsors have managed to raise an extra C$80m. Some of these contributing sponsors include Accenture, BMO Financial Group and Google.

In a phone interview with the FT, Ed Clark, who will be the inaugural chair of the Vector Institute, spoke of their determination to make Canada a hub for AI. “We want to put Toronto on the map,” he revealed. “We want to produce more PhDs in AI than any university in the world.”

Mr. Clark, who before he accepted his new role at the Vector Institute, was the Chief Executive of Canada’s TD Bank Group, spoke of how the US' recent stringent anti-immigration laws may attract AI talent from all over the globe, including Silicon Valley itself, to The Great White North.

“The unfortunate situation in the US probably means that our probability of success is higher,” he articulated. “Canada is going to be open, and celebrate intellectuals and diversity.”

Mr. Clark went on to explain how one of the key areas they'll be looking into is how AI can help healthcare, since Canada and Ontario has an ever expanding population.

Practitioner Portal - for AI practitioners


UK's ICO publishes guidance on AI and data protection


The document aims to help organizations mitigate the risks of using personal data in AI applications


Perfect AI model, broken app: Integration patterns and testing needs


It is a long way from having a working machine learning model on a local laptop to having a full-fledged fashion store with a mobile app incorporating this model

Practitioner Portal


More EBooks

Upcoming Webinars

More Webinars

Experts in AI

Partner Perspectives

content from our sponsors

Research Reports

More Research Reports


AI tops the list of most impactful emerging technologies

Infographics archive

Newsletter Sign Up

Sign Up