Justin Trudeau announces $2.4B of federal budget will go towards Canada’s AI sector

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Prime Minister Justin Trudeau announced, as part of Canada's 2024 federal budget, that $2.4 billion will go towards Canada's artificial intelligence (AI) capacity in Montreal Sunday.

Trudeau cited access to computational power and capital as two of Canada's largest barriers in developing AI models, revealing $2 billion of the total funding will be used to "provide access to world leading computing capabilities" and help launch a "new AI compute access fund and a new Canadian AI sovereign compute strategy."

On top of that, the Liberal government wants to help companies adopt AI in a way that will have a positive output for all Canadians. To ensure that, Trudeau has promised the $200 million of funding to regional development agencies in agriculture, health care and manufacturing.

One-hundred-million dollars will go towards an AI Assist program to help "small- and medium-sized enterprises scale up and increase productivity by developing and deploying new AI solutions," and $50 million will go towards training creative industry workers who have been impacted negatively by AI, to offer them tools to push forward in their careers.

The announcement follows a slew of other affordability initiatives unveiled by the Liberal government in the past week, ahead of the 2024 federal budget, and as opposition parties slowly gear up for the 2025 national election.

For more info, please go to https://globalnews.ca/news/10404790/justin-trudeau-calgary-housing-announcement/

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Category: News and politics
Tags: global news, Global, Canada

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