The upcoming 2024 budget will include a $2.4-billion investment in artificial intelligence , the Trudeau government recently announced.
“AI has the potential to transform the economy,” he said. “And our potential lies in capitalizing on the undeniable Canadian advantage. These investments in Budget 2024 will help harness the full potential of AI so Canadians, and especially young Canadians, can get good-paying jobs while raising our productivity, and growing our economy.”
Additionally, $200 million in funding through regional development agencies will go towards adding new technologies to markets such as agriculture, health care, clean technology and manufacturing. $100 million will be invested into an AI Asset Program that helps small-to-medium sized businesses research, product develop and test work for AI-based solutions.