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

Smartphone on your kid’s Christmas list? How to know when they’re ready.
A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
A safety report card ranks AI company efforts to protect humanity
Bitcoin hoarding company Strategy remains in Nasdaq 100
Opinion: Everyone complains about 'AI slop,' but no one can define it
Google faces $129 million French asset freeze after Russian ruling, documents show
Netflix’s $72 billion Warner Bros deal faces skepticism over YouTube rivalry claim
Pakistan to allow Binance to explore 'tokenisation' of up to $2 billion of assets
Analysis-Musk's Mars mission adds risk to red-hot SpaceX IPO
Analysis-Oracle-Broadcom one-two punch hits AI trade, but investor optimism persists

Others Also Read