The $39.3-million funding will be invested through Montreal-based SCALE AI, a government-funded technology supercluster
The Canadian government says it will invest nearly $40-million to support more than a dozen artificial intelligence projects in sectors ranging from manufacturing to retail and aeronautics.
In addition to the federal government, private investors are also participating in the latest financing round, SCALE AI’s most significant to date, for a total of $117-million in investments. Out of the 15 projects granted funds, six were already being supported by SCALE AI. Julien Billot, the CEO of SCALE AI, said 2022 was a record-breaking year for his organization with a total investment of $204-million in 33 industry projects.
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