Canada's Trudeau announces package of AI investment measures


FILE PHOTO: Canada's Prime Minister Justin Trudeau holds a press conference with Poland's Prime Minister Donald Tusk (not pictured) at the Chancellery of the Prime Minister in Warsaw, Poland, February 26, 2024. REUTERS/Kacper Pempel

TORONTO (Reuters) - Canadian Prime Minster Justin Trudeau on Sunday said the upcoming budget will include a C$2.4 billion ($1.77 billion) package of measures that invest in the country's artificial intelligence (AI) sector, according to a news release.

The measures include a C$2 billion investment to build and provide access to computing capabilities and technological infrastructure for Canada's AI researchers, start-ups, and scale-ups, the news release said. Canada's budget is due to be tabled on April 16.

($1 = 1.3588 Canadian dollars)

(Reporting by Fergal Smith; Editing by Bill Berkrot)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

France must curb child, teen use of smartphones, social media, says panel
Corning forecasts second-quarter core sales above estimates on steady carrier spending
Google to pay up to $6 million to News Corp for new AI content, The Information reports
Logitech targets faster growth via education, health and AI
Logitech CEO aiming to double target market for peripherals
PayPal lifts 2024 profit forecast, execs focus on branded checkout growth
Huawei Technologies' first-quarter net profit surges 564% y/y
Meta defends its risk mitigating process amid EU probe
Amazon.com may be feeling pressure to join the dividend club
Stowaway cat gets from Utah to California in Amazon returns package

Others Also Read