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The original was posted on /r/artificial by /u/gronkulus on 2024-04-16 21:05:54.

Canada allocates $1.7 billion for AI advancement, aligning industrial policy with AI strategy for growth.

The Canadian government has recently unveiled a substantial funding package of $1.7 billion USD ($2.4 billion CAD) aimed at reinforcing Canada’s foothold in the AI industry. This investment is poised to bolster crucial AI infrastructure, including computing power and institutions like the Canadian AI Safety Institute.