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Canadian federal government outlines CAD $2 billion in AI spending

( December 5, 2024, 19:53 GMT | Official Statement) -- MLex Summary: Canada has launched the Canadian Sovereign AI Compute Strategy, a plan to invest CAD $2 billion ($1.4 billion) in cutting-edge artificial intelligence infrastructure to spur innovation and increase the computing power available to Canada’s AI researchers and companies. The strategy is “a major step toward securing Canada’s place as a global AI leader," Canada’s Minister of Innovation, Science, and Industry François-Philippe Champagne said. “We’re proud to be a driving force in the worldwide ecosystem, and by increasing access to domestic and secure compute capacity, we will help businesses, innovators and researchers boost the Canadian economy and stand out on the world stage." Canada to drive billions in investments to build domestic AI compute capacity at home...

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