Industry experts have welcomed the government's commitment, expressing excitement about the potential for widespread commercialization of AI products and services. However, concerns have been raised about the adequacy of funding for the proposed AI and data commissioner's office. The Canadian Chamber of Commerce also highlighted the need to address concerns surrounding Bill C-27 to avoid regulatory hurdles that could stifle private-sector investment.
Key takeaways:
- Canada's AI industry is set to receive a $2.4 billion federal funding boost aimed at enhancing AI research, development, and adoption.
- Of the total funding, $2 billion will be used to enhance computing capabilities and technical infrastructure, while $200 million will be used to drive AI adoption in key industries such as agriculture, health care, and clean technology.
- The government plans to establish a $50-million AI safety institute to ensure the responsible development and deployment of AI, and an additional $5.1 million will be dedicated to establishing an office of the AI and Data Commissioner.
- The funding will also assist workers who may be impacted by AI, with $50 million allocated to provide new skills training to individuals in potentially affected sectors and communities.