Ottawa launches $2.3 billion national AI strategy (opens in new tab)

Prime Minister Mark Carney announced Canada’s national artificial intelligence strategy, “AI for All,” in Toronto on June 4. BetaKit reported $2.3 billion in spending and a plan to increase commercialization and adoption while promoting trust and sovereignty. The plan includes a proposed $500-million Canadian Tech Growth Fund for growth capital, investment support and occasional federal equity investment in Canadian AI firms, with further details expected in the coming months. The strategy sa...