Canadian AI Industry Struggles With Slow Implementation

  • 📰 SooToday
  • ⏱ Reading Time:
  • 37 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 85%

Technology News

Artificial Intelligence,Canada,Implementation

Co-founders of leading Canadian artificial intelligence firms express concern over the slow adoption of AI technology by companies in the country, despite high enthusiasm. They highlight the long lead times and cultural factors contributing to this delay.

TORONTO — The co-founders of two of Canada's top artificial intelligence firms say companies in the country are buzzing with excitement around the technology but turning that enthusiasm into products and tools takes too long.

Cohere co-founder Nick Frosst says he has grown used to being approached by Canadian firms wanting to work with AI but they're slow to actually implement the technology. Frosst says it is hard to pinpoint where that lack of urgency comes from but he thinks part of it is embedded in Canada's culture.She says it takes 18 months for companies reaching out to her business to commit to using AI and then another 18 months to start doing something with it.

She says the danger in this long lead time is that people get tired of devoting energy and resources to projects that are not immediately giving them a return on their investment and then this work falls to the wayside.Tara Deschamps, The Canadian Press

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:

 /  🏆 8. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

Trump’s re-election creates an ‘uncertain road’ for Canadian industryDonald Trump's return to the White House in 2025 has automotive, steel and aluminum industry groups in Canada worried about a possible trade war. But some also see opportunity.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Canadian musicians recall industry titan Quincy Jones as mentor, friend, familyOscar Peterson is among the many Canadians speaking about the global impact of the multi-faceted Jones, who died Sunday after a staggering career that shaped so much of the entertainment industry.
Source: CTVNews - 🏆 1. / 99 Read more »

Proposed Trump tariff poses big risk to Canadian industry, consumersMr. Trump’s proposed 25-per-cent tariff on Canadian imports was larger than analysts expected, but experts are split on whether he will follow through on the threat
Source: globeandmail - 🏆 5. / 92 Read more »