{"id":48892,"date":"2024-07-02T15:21:53","date_gmt":"2024-07-02T14:21:53","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=48892"},"modified":"2024-07-02T15:21:53","modified_gmt":"2024-07-02T14:21:53","slug":"new-canadian-budget-unveils-2-4m-funding-for-ai","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/","title":{"rendered":"New Canadian budget unveils $2.4m funding for AI"},"content":{"rendered":"

Canada is cementing itself as a leading country in artificial intelligence (AI) thanks to a package of measures worth CA$2.4bn in the new State budget.<\/h2>\n

The AI sector is one of Canada\u2019s main drivers of productivity<\/a>, innovation and economic growth, fostered by a traditional focus on this technology and the presence of a solid ecosystem, which enjoys good synergies between the public and private sectors.<\/p>\n

In 2023, there were more than 140,000 actively engaged AI professionals<\/a> in Canada (a 29% increase from the previous year).<\/p>\n

Approximately 10% of the world\u2019s high-profile researchers operating in this technology are in Canada, which also boasts the first place globally for annual growth in women employed in the sector.<\/p>\n

Strengthening critical AI infrastructure in Canada<\/h3>\n

The Canadian government has announced it intends to further strengthen critical AI infrastructure as part of the State Budget.<\/p>\n

This will attract more international capital and talent, as well as enable local companies to compete globally.<\/p>\n

Public investment will initially be used to accelerate job growth in the AI sector and in other sectors and to increase the productivity of scholars and companies.<\/p>\n

The most significant portion of the resources \u2013 approximately $2bn \u2013 will be allocated to building and providing access to computing capabilities and technological infrastructure for Canadian researchers, start-ups and scale-ups.<\/p>\n

To this end, an AI Compute Access Fund<\/a> will be established to provide short-term support to both research centres and industry.<\/p>\n

Furthermore, around $200m will be dedicated to promoting AI start-ups in strategic sectors such as agriculture, clean technology, healthcare and manufacturing.<\/p>\n

A further $100m will help small and medium-sized enterprises increase their productivity through the development of new artificial intelligence solutions.<\/p>\n

Ensuring technology is deployed safely and securely<\/h3>\n

A new Canadian AI Safety Institute will be created to foster the development and safe deployment and spreading of artificial intelligence.<\/p>\n

The Institute will help Canada protect itself from the risks of AI systems.<\/p>\n

In the meantime, the debate on the industry legislation, namely the Artificial Intelligence and Data Act (AIDA), is still ongoing and the law is unlikely to be adopted before 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"

Canada is cementing itself as a leading country in AI thanks to a package of measures worth $2.4bn in the new State budget.<\/p>\n","protected":false},"author":22,"featured_media":48893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[830],"tags":[570,24555],"acf":[],"yoast_head":"\nNew Canadian budget unveils $2.4m funding for AI<\/title>\n<meta name=\"description\" content=\"Canada is cementing itself as a leading country in AI thanks to a package of measures worth $2.4bn in the new State budget.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Canadian budget unveils $2.4m funding for AI\" \/>\n<meta property=\"og:description\" content=\"Canada is cementing itself as a leading country in AI thanks to a package of measures worth $2.4bn in the new State budget.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/\" \/>\n<meta property=\"og:site_name\" content=\"Innovation News Network\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/InnoNewsNetwork\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-02T14:21:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"556\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Megan Traviss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@InnoNewsNetwork\" \/>\n<meta name=\"twitter:site\" content=\"@InnoNewsNetwork\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Megan Traviss\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/\"},\"author\":{\"name\":\"Megan Traviss\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/357211ccc313d0c608f22a2017c87d87\"},\"headline\":\"New Canadian budget unveils $2.4m funding for AI\",\"datePublished\":\"2024-07-02T14:21:53+00:00\",\"dateModified\":\"2024-07-02T14:21:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/\"},\"wordCount\":352,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg\",\"keywords\":[\"Artificial Intelligence\",\"North America\"],\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/\",\"name\":\"New Canadian budget unveils $2.4m funding for AI\",\"isPartOf\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg\",\"datePublished\":\"2024-07-02T14:21:53+00:00\",\"dateModified\":\"2024-07-02T14:21:53+00:00\",\"description\":\"Canada is cementing itself as a leading country in AI thanks to a package of measures worth $2.4bn in the new State budget.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#primaryimage\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg\",\"contentUrl\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg\",\"width\":1000,\"height\":556,\"caption\":\"\u00a9 shutterstock\/Victor Lauer\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.innovationnewsnetwork.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Canadian budget unveils $2.4m funding for AI\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#website\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/\",\"name\":\"Innovation News Network\",\"description\":\"Science, Research & Innovation News\",\"publisher\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.innovationnewsnetwork.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#organization\",\"name\":\"Innovation News Network\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/01\/inn-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"contentUrl\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/01\/inn-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Innovation News Network\"},\"image\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/InnoNewsNetwork\",\"https:\/\/x.com\/InnoNewsNetwork\",\"https:\/\/www.linkedin.com\/company\/innovation-news-network\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/357211ccc313d0c608f22a2017c87d87\",\"name\":\"Megan Traviss\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/73297bad56a7550ffe7b7c582ef5e889?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/73297bad56a7550ffe7b7c582ef5e889?s=96&d=mm&r=g\",\"caption\":\"Megan Traviss\"},\"sameAs\":[\"https:\/\/www.innovationnewsnetwork.com\",\"https:\/\/www.linkedin.com\/in\/megantraviss\/\"],\"url\":\"https:\/\/www.innovationnewsnetwork.com\/author\/megantraviss\/\"}]}<\/script>\n","yoast_head_json":{"title":"New Canadian budget unveils $2.4m funding for AI","description":"Canada is cementing itself as a leading country in AI thanks to a package of measures worth $2.4bn in the new State budget.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/","og_locale":"en_GB","og_type":"article","og_title":"New Canadian budget unveils $2.4m funding for AI","og_description":"Canada is cementing itself as a leading country in AI thanks to a package of measures worth $2.4bn in the new State budget.","og_url":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/","og_site_name":"Innovation News Network","article_publisher":"https:\/\/www.facebook.com\/InnoNewsNetwork","article_published_time":"2024-07-02T14:21:53+00:00","og_image":[{"width":1000,"height":556,"url":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg","type":"image\/jpeg"}],"author":"Megan Traviss","twitter_card":"summary_large_image","twitter_creator":"@InnoNewsNetwork","twitter_site":"@InnoNewsNetwork","twitter_misc":{"Written by":"Megan Traviss","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#article","isPartOf":{"@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/"},"author":{"name":"Megan Traviss","@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/357211ccc313d0c608f22a2017c87d87"},"headline":"New Canadian budget unveils $2.4m funding for AI","datePublished":"2024-07-02T14:21:53+00:00","dateModified":"2024-07-02T14:21:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/"},"wordCount":352,"commentCount":0,"publisher":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#organization"},"image":{"@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#primaryimage"},"thumbnailUrl":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg","keywords":["Artificial Intelligence","North America"],"articleSection":["Technology"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/","url":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/","name":"New Canadian budget unveils $2.4m funding for AI","isPartOf":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#primaryimage"},"image":{"@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#primaryimage"},"thumbnailUrl":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg","datePublished":"2024-07-02T14:21:53+00:00","dateModified":"2024-07-02T14:21:53+00:00","description":"Canada is cementing itself as a leading country in AI thanks to a package of measures worth $2.4bn in the new State budget.","breadcrumb":{"@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#primaryimage","url":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg","contentUrl":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2024\/07\/shutterstockVictor-Lauer_587263805.jpg","width":1000,"height":556,"caption":"\u00a9 shutterstock\/Victor Lauer"},{"@type":"BreadcrumbList","@id":"https:\/\/www.innovationnewsnetwork.com\/new-canadian-budget-unveils-2-4m-funding-for-ai\/48892\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.innovationnewsnetwork.com\/"},{"@type":"ListItem","position":2,"name":"New Canadian budget unveils $2.4m funding for AI"}]},{"@type":"WebSite","@id":"https:\/\/www.innovationnewsnetwork.com\/#website","url":"https:\/\/www.innovationnewsnetwork.com\/","name":"Innovation News Network","description":"Science, Research & Innovation News","publisher":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.innovationnewsnetwork.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.innovationnewsnetwork.com\/#organization","name":"Innovation News Network","url":"https:\/\/www.innovationnewsnetwork.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/01\/inn-logo-yoast-seo-organisation-1920-1080-001.jpg","contentUrl":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/01\/inn-logo-yoast-seo-organisation-1920-1080-001.jpg","width":1920,"height":1080,"caption":"Innovation News Network"},"image":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/InnoNewsNetwork","https:\/\/x.com\/InnoNewsNetwork","https:\/\/www.linkedin.com\/company\/innovation-news-network\/"]},{"@type":"Person","@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/357211ccc313d0c608f22a2017c87d87","name":"Megan Traviss","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73297bad56a7550ffe7b7c582ef5e889?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73297bad56a7550ffe7b7c582ef5e889?s=96&d=mm&r=g","caption":"Megan Traviss"},"sameAs":["https:\/\/www.innovationnewsnetwork.com","https:\/\/www.linkedin.com\/in\/megantraviss\/"],"url":"https:\/\/www.innovationnewsnetwork.com\/author\/megantraviss\/"}]}},"publishpress_future_action":{"enabled":false,"date":"2025-03-04 23:03:24","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"_links":{"self":[{"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/posts\/48892"}],"collection":[{"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/comments?post=48892"}],"version-history":[{"count":2,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/posts\/48892\/revisions"}],"predecessor-version":[{"id":48895,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/posts\/48892\/revisions\/48895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/media\/48893"}],"wp:attachment":[{"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/media?parent=48892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/categories?post=48892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/tags?post=48892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}