Additional Details
on Financing Announcement
Quick Facts (Issued by Government of Canada as Part of its Announcement)
- The Government of Canada's Budget 2024 will be tabled in the House of Commons by the Deputy Prime Minister and Minister of Finance on Tuesday, April 16, 2024.
- Since 2016, the federal government has committed: more than $16 billion to support scientific discovery, develop Canadian research talent, and attract top researchers from around the planet; and over $2 billion to foster growth across Canada's AI ecosystem and digital infrastructure.
- In 2017, Canada was the first country to establish a national AI strategy. The Pan-Canadian Artificial Intelligence Strategy is helping Canada maintain its position as a world leader in AI, businesses be more competitive, and Canadians benefit from growth in the digital economy. Phase 2 of the strategy was announced in 2022 with funding of more than $443 million.
- The federal research granting agencies - the Canadian Institutes of Health Research (CIHR), the Natural Sciences and Engineering Research Council (NSERC), and the Social Sciences and Humanities Research Council (SSHRC) - together have awarded $936.8 million in funding for AI-related research since 2017-18.
- Since 2017, the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) provided $705.8 million in contributions to AI-related firms. This funding supported 1,111 firms and 3,837 projects in the AI and Big Data Technology space.
- In addition, the NRC Digital Technologies Research Centre has invested over $27 million both directly to firms and on collaborative AI projects related to natural language processing, Indigenous languages, and high-performance computing for AI.
- In 2023, Canada announced renewed funding for the Global Innovation Clusters, including Scale AI, bringing total funding for the company to up to $284 million. Scale AI is dedicated to promoting collaboration in AI and supply chain management research and innovation by strengthening linkages between researchers in industry, academia, and research institutes in Canada and abroad, and providing financial support for AI and supply chain management projects.
- Canada has also made significant investments in fast-scaling AI-related companies through the Strategic Innovation Fund, including Sanctuary AI and semiconductor firm Ranovus.
- Canada is also a leader in the responsible adoption of artificial intelligence:
- Canada was recently ranked number 1 among 80 countries, tied with South Korea and Japan, in the Center for AI and Digital Policy's 2024 global report on Artificial Intelligence and Democratic Values.
- The Artificial Intelligence and Data Act (AIDA) was introduced in Parliament as part of Bill C-27 in June 2022. It is designed to promote the responsible design, development, and use of AI systems in Canada's private sector, with a focus on systems with the greatest impact on health, safety, and human rights. Since the introduction of the bill, the government has engaged extensively with stakeholders on the novel challenges posed by generative AI. Canada is one of the first countries in the world to propose a law to regulate AI. Learn more.
- The Voluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems - announced in September 2023 and signed by major tech firms including Cohere, Ada, Coveo, BlackBerry, TELUS, OpenText, and IBM - enables companies to demonstrate that they are developing and using generative AI systems responsibly and strengthen Canadians' confidence in the technology.
- The Public Awareness Working Group on AI was launched in 2020 under Canada's Advisory Council on Artificial Intelligence with a mandate to examine avenues to boost public awareness and foster trust in AI. Its objective is to help Canadians have a more grounded conversation around AI, and help citizens better understand the technology, its potential uses, and its associated risks. The Working Group published a report on its public engagement activities in February 2023. A further public report is upcoming specifically on the Working Group's engagement with First Nations, Inuit, and Métis communities to better understand their needs, interests, and priorities for AI development and use.
- Since the 1990s, Canada has been a leader in AI and deep learning, made possible by the research and innovations of the "Godfathers of AI", Canadians Yoshua Bengio and Geoffrey Hinton. In the decades since, Canada has built up a robust and growing AI industry across Canada, anchored by our three national AI institutes in Montréal, Toronto, and Edmonton.
- Canada's AI sector is a key job creator and driver of productivity, innovation, and economic growth.
- In 2022-23, there were over 140,000 actively engaged AI professionals in Canada, an increase of 29 per cent compared to the previous year.
- Canada has 10 per cent of the world's top-tier AI researchers, the second most in the world.
- Canada ranks first globally for year-over-year growth of women in AI (67 per cent growth in 2022-23 alone), first in the G7 for year-over-year growth of AI talent, and since 2019, has ranked first in the G7 for the number of AI-related papers published per capita.
- The number of AI patents filed by Canadian investors increased by 57 per cent in 2022-23 compared to the previous year - nearly three times the G7 average of just 23 per cent over the same period.
- In 2022, the Canadian AI sector attracted over $8.6 billion in venture capital, accounting for nearly 30 per cent of all venture capital activity in Canada.
- Canada ranks third in the G7 in total funding per capita raised for AI companies, with more than 670 Canadian AI start-ups and 30 Canadian generative AI companies receiving at least one investment deal valued at more than $1 million USD since 2019.
Associated Links
Additional Text From Government of Canada's AI spending Announcement [ MORE ]
Quick Facts (Issued by Government of Canada as Part of its Announcement)
- The Government of Canada's Budget 2024 will be tabled in the House of Commons by the Deputy Prime Minister and Minister of Finance on Tuesday, April 16, 2024.
- Since 2016, the federal government has committed: more than $16 billion to support scientific discovery, develop Canadian research talent, and attract top researchers from around the planet; and over $2 billion to foster growth across Canada's AI ecosystem and digital infrastructure.
- In 2017, Canada was the first country to establish a national AI strategy. The Pan-Canadian Artificial Intelligence Strategy is helping Canada maintain its position as a world leader in AI, businesses be more competitive, and Canadians benefit from growth in the digital economy. Phase 2 of the strategy was announced in 2022 with funding of more than $443 million.
- The federal research granting agencies - the Canadian Institutes of Health Research (CIHR), the Natural Sciences and Engineering Research Council (NSERC), and the Social Sciences and Humanities Research Council (SSHRC) - together have awarded $936.8 million in funding for AI-related research since 2017-18.
- Since 2017, the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) provided $705.8 million in contributions to AI-related firms. This funding supported 1,111 firms and 3,837 projects in the AI and Big Data Technology space.
- In addition, the NRC Digital Technologies Research Centre has invested over $27 million both directly to firms and on collaborative AI projects related to natural language processing, Indigenous languages, and high-performance computing for AI.
- In 2023, Canada announced renewed funding for the Global Innovation Clusters, including Scale AI, bringing total funding for the company to up to $284 million. Scale AI is dedicated to promoting collaboration in AI and supply chain management research and innovation by strengthening linkages between researchers in industry, academia, and research institutes in Canada and abroad, and providing financial support for AI and supply chain management projects.
- Canada has also made significant investments in fast-scaling AI-related companies through the Strategic Innovation Fund, including Sanctuary AI and semiconductor firm Ranovus.
- Canada is also a leader in the responsible adoption of artificial intelligence:
- Canada was recently ranked number 1 among 80 countries, tied with South Korea and Japan, in the Center for AI and Digital Policy's 2024 global report on Artificial Intelligence and Democratic Values.
- The Artificial Intelligence and Data Act (AIDA) was introduced in Parliament as part of Bill C-27 in June 2022. It is designed to promote the responsible design, development, and use of AI systems in Canada's private sector, with a focus on systems with the greatest impact on health, safety, and human rights. Since the introduction of the bill, the government has engaged extensively with stakeholders on the novel challenges posed by generative AI. Canada is one of the first countries in the world to propose a law to regulate AI. Learn more.
- The Voluntary Code of Conduct on the Responsible Development and Management of Advanced Generative AI Systems - announced in September 2023 and signed by major tech firms including Cohere, Ada, Coveo, BlackBerry, TELUS, OpenText, and IBM - enables companies to demonstrate that they are developing and using generative AI systems responsibly and strengthen Canadians' confidence in the technology.
- The Public Awareness Working Group on AI was launched in 2020 under Canada's Advisory Council on Artificial Intelligence with a mandate to examine avenues to boost public awareness and foster trust in AI. Its objective is to help Canadians have a more grounded conversation around AI, and help citizens better understand the technology, its potential uses, and its associated risks. The Working Group published a report on its public engagement activities in February 2023. A further public report is upcoming specifically on the Working Group's engagement with First Nations, Inuit, and Métis communities to better understand their needs, interests, and priorities for AI development and use.
- Since the 1990s, Canada has been a leader in AI and deep learning, made possible by the research and innovations of the "Godfathers of AI", Canadians Yoshua Bengio and Geoffrey Hinton. In the decades since, Canada has built up a robust and growing AI industry across Canada, anchored by our three national AI institutes in Montréal, Toronto, and Edmonton.
- Canada's AI sector is a key job creator and driver of productivity, innovation, and economic growth.
- In 2022-23, there were over 140,000 actively engaged AI professionals in Canada, an increase of 29 per cent compared to the previous year.
- Canada has 10 per cent of the world's top-tier AI researchers, the second most in the world.
- Canada ranks first globally for year-over-year growth of women in AI (67 per cent growth in 2022-23 alone), first in the G7 for year-over-year growth of AI talent, and since 2019, has ranked first in the G7 for the number of AI-related papers published per capita.
- The number of AI patents filed by Canadian investors increased by 57 per cent in 2022-23 compared to the previous year - nearly three times the G7 average of just 23 per cent over the same period.
- In 2022, the Canadian AI sector attracted over $8.6 billion in venture capital, accounting for nearly 30 per cent of all venture capital activity in Canada.
- Canada ranks third in the G7 in total funding per capita raised for AI companies, with more than 670 Canadian AI start-ups and 30 Canadian generative AI companies receiving at least one investment deal valued at more than $1 million USD since 2019.
Associated Links
Additional Text From Government of Canada's AI spending Announcement
"Today's announcement is about investing in innovation and economic growth to secure Canada's world-leading AI advantage today and for generations to come. This will create good-paying opportunities for every generation, boost innovation across the economy, raise productivity, and accelerate economic growth - and it's just one of the things that we are going to be doing in Budget 2024."
"Artificial intelligence (AI) has incredible potential to transform the economy, improve the way we work, and enhance our way of life. The global race to scale up and adopt AI is on, and Canada is at the forefront of this technology. To make sure we can seize every opportunity in the economy of the future, and set every generation up for success, we need to scale up our innovation ambitions. And do it in a way that brings everyone along. For Millennials and Gen Z, who feel their hard work isn't paying off like it did for previous generations, we must invest in good-paying opportunities that help them get ahead. That's why we're focused on creating more good jobs, including in innovation and technology, which are among the highest paying of all industries."
"AI is already unlocking massive growth in industries across the economy. Many Canadians are already feeling the benefits of using AI to work smarter and faster. The rapid advance of generative AI today will unlock immense economic potential for Canada, significantly improving productivity and reducing the time workers have to spend on repetitive tasks. Researchers and companies in Canada are also using AI to create incredible new innovations and job opportunities across all facets of the Canadian economy, from drug discovery to energy efficiency to housing innovation. In the past year, job growth in AI increased by nearly one third in Canada - among the highest growth of any sector. And most AI jobs pay well above the average income."
"Canada has a world-leading AI ecosystem - from development, to commercialization, to safety. We have an advantage that can make sure Canadian values and Canadian ideas help shape this globally in-demand technology. Canada was the first country in the world to introduce a national AI strategy and has invested over $2 billion since 2017 to support AI and digital research and innovation. Since then, countries around the world have begun investing significant funding and efforts into AI to advance their economies, particularly in computing infrastructure. In order to maintain Canada's competitive edge, and secure good paying jobs and job security for generations of young Canadians, we must raise the bar."
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