Beyond the Breaking News

AI minister names 44 projects getting federal money to access compute power

United States News News

AI minister names 44 projects getting federal money to access compute power
United States Latest News,United States Headlines

The federal government is providing $66 million to an array of Canadian artificial intelligence projects to help them access compute power to commercialize and scale up their work, AI Minister Evan Solomon announced Tuesday.

Estimated 4 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.

Evan Solomon, minister of Artificial Intelligence and Digital Innovation, speaks at an event in Vancouver on Monday. The federal government is providing $66 million to an array of Canadian artificial intelligence projects to help them access compute power to commercialize and scale up their work, AI Minister Evan Solomon announced Tuesday.

The money, which will be distributed to 44 projects, is coming from the federal government’s AI Compute Access Fund, which currently has a total budget of $300 million. Solomon announced the first batch of winners at Web Summit Vancouver and said there is a "positive signal that there is a deep appetite for compute and innovation in our economy.

" He added that there were many more applications for the fund than anticipated. According to a news release, the 44 projects "are working across key sectors of the Canadian economy, including life sciences, health care, energy, advanced manufacturing, agriculture, finance, natural resources and transportation.

" Eight of the projects are based in B.C. and are receiving a combined total of $16.8 million, the release added. Government partners with Telus on building sovereign AI infrastructureTelus will build a new AI data centre in B.C. , under the federal Enabling Large-Scale Sovereign AI Data Centres initiative, Minister of Artificial Intelligence and Digital Innovation Evan Solomon announced on Monday. The project ‘reflects the kind of ambitious infrastructure that we need as a country,’ Solomon said.

One of the winners is Variational AI, a Vancouver-based company co-founded by Handol Kim that uses AI for drug discovery, specifically synthesizing small molecules that it can license to biotechs and pharmaceutical companies. Kim told CBC the funding is "a big help" and will allow Variational AI's machine learning scientists to "get access to compute they desperately need.

" "So that in turn accelerates the improvement of our models, which then in turn makes better drugs, and we can help patients and meet unmet medical needs," Handol said.helps support successful projects with compute costs ranging from $100,000 up to $5 million. The program covers two-thirds of eligible costs for Canadian cloud-based AI compute services, or half of eligible costs for non-Canadian cloud-based AI compute services. Winners are judged against several criteria including market potential and financial capacity.

Other considerations include whether the projects present sufficient economic, innovation and public benefits to Canada, and whether they align with departmental or federal priorities. More of the federal government's vision and plans for AI will be revealed in its forthcoming national strategy, which Prime Minister Mark Carney said over the weekend is "about to come out," but did not share a specific date. , which Carney acknowledged in his remarks at the 2026 Global Action Progress Summit in Toronto.

Prime Minister Mark Carney speaks at the 2026 Global Progress Action Summit in Toronto on Saturday. The federal government's recent spring economic update shared the six pillars that will underpin the national strategy:Powering AI adoption for shared prosperity. Building trusted partnerships and global alliances. The descriptions of the pillars also mention "giving access to AI training and education for all Canadians," and "modern privacy and online safety laws, strong national AI safety capabilities, and secure government systems.

"The economic update also said Canada will "work with a variety of trusted partners to align standards, co-invest in innovation, and help Canadian companies access global markets—while shaping an AI ecosystem anchored in democratic values. " The federal government has made other strides in AI development, including announcing on Monday it is "advancing work" with Telus on ato expand a data centre in Kamloops, B.C. , and developing two new facilities in downtown Vancouver and the city's Mount Pleasant neighbourhood.

A spokesperson for Solomon's office told CBC News there are no federal dollars involved in those projects at this point, but off-take agreements or contracts could potentially be part of the structure, depending on developments. Benjamin Lopez Steven is an associate producer for CBC's The House and a digital writer with CBC Politics. He was also a 2024 Joan Donaldson Scholar and a graduate of Carleton University. You can reach him at benjamin.steven@cbc.ca or find him on X at @bensteven_s.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CBCNews /  🏆 2. in CA

 

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Four Canadian Passengers of Deadly Hantavirus Outbreak Arrive in Canada, Isolated in B.C.Four Canadian Passengers of Deadly Hantavirus Outbreak Arrive in Canada, Isolated in B.C.Four Canadians who disembarked the cruise ship at the centre of a deadly hantavirus outbreak arrived in Canada on Sunday and will continue their quarantine in British Columbia. They are isolated because they have connections with the province and are expected to quarantine for just over two weeks under supervision. A PHAC officer ensured required public health measures were in place during their flight home.
Read more »

Canadian Travel Decline: Researchers Uncover Widening Gap Between U.S. And Canadian TravelersCanadian Travel Decline: Researchers Uncover Widening Gap Between U.S. And Canadian TravelersThis article highlights a study that reveals the decline in Canadian travel to the U.S. has been greater than previously estimated. The research suggests that the shift in consumer behavior to online shopping and increased safety concerns might be contributing factors. The story also mentions two other interesting topics, such as a motorcyclist caught speeding and the WHL Final's tie.
Read more »

Buy Canadian must mean building Canadian capabilityBuy Canadian must mean building Canadian capabilityOttawa can no longer look at procurement as solely a process issue
Read more »

Prime Minister Mark Carney touts Canadian values in speech at global progress summitPrime Minister Mark Carney says Canada needs to build new institutions and reimagine old ones as an antidote to the anxieties that people and governments are grappling with in the modern age.
Read more »



Render Time: 2026-06-07 20:26:13