There are few options aside from U.S. companies such as Amazon, Microsoft and Google that dominate the market for the cloud computing services required to build and run AI models
People walk past an AI sign at the All In artificial intelligence conference on Sept. 28, 2023, in Montreal. Prime Minister Justin Trudeau announced the sovereign computing strategy and access fund in April to bolster the Canadian AI ecosystem. Canada ’s $2-billion sovereign computing strategy is designed to help domestic companies access the necessary services to power artificial intelligence. But foreign companies could stand to reap much of the benefits – at least initially.
Some Canadian companies say they can provide an alternative to the U.S. cloud giants, which are known as hyperscalers. Mr. Katz said subsidies would be in place for only a short time and would help to spur more AI development in Canada. In turn, that would entice cloud companies to add infrastructure here to meet demand. “That’s a big first step towards domestic sovereignty,” he said. “In one to five years, it could be a very different situation.”
Canada has some advantages for cloud computing, such as abundant renewable energy sources and a cool climate. But building a domestic cloud industry to service AI is far from easy. Data centres are capital intensive, and customers risk getting locked into the big cloud providers, making it harder for upstarts to win new business.
Still, CCI recommended that the government buy compute access from commercial providers and grant blocks to Canadian companies. Building sovereign infrastructure will be necessary to protect sensitive data and service critical industries, according to the organization, which also said that Canada should work with allies such as the European Union to secure compute access.
Government Access Canada Infrastructure Company Companies Cloud Program Norton Rose Fulbright Queen 'S University Nvidia Corp.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three Mile Island Reactivated: Microsoft To Purchase Power From PlantAfter decades of public fear surrounding nuclear power following the 1979 TMI accident, the Three Mile Island plant is set to restart operations. The reactor will supply power to Microsoft as part of their commitment to carbon-free technology.
Read more »
Microsoft’s AI Power Needs Prompt Revival of Three Mile Island Nuclear PlantConstellation to invest $1.6 billion to restart dormant reactor as data-center power demand surges.
Read more »
Constellation Energy signs deal with Microsoft to restart Three Mile Island nuclear power plantThis would be the first ever restart of a nuclear power plant in the U.S. after shutting
Read more »
A new life is proposed for Three Mile Island supplying power to Microsoft data centersHARRISBURG, Pa. (AP) — The owner of the shuttered Three Mile Island nuclear power plant said Friday that it plans to restart the reactor under a 20-year...
Read more »
Constellation Energy stock soars after inking deal with MicrosoftShares of Constellation Energy (CEG) are soaring after the company signed a new deal with Microsoft (MSFT) to provide it with clean energy to satisfy the...
Read more »
Three Mile Island nuclear reactor to restart under Microsoft dealConstellation Energy expects to start delivering power from Three Mile Island to the grid in 2028.
Read more »