Regional Artificial Intelligence Initiative investments will help five Alberta-based organizations improve productivity and commercialize AI solutions
In a rapidly changing and increasingly competitive global economy, artificial intelligence (AI) is transforming industries and reshaping how businesses operate, creating new opportunities for innovation, productivity and economic growth. Building the strongest economy in the G7 depends on our ability to innovate and lead in emerging technologies and strengthening our leadership in the responsible use of artificial intelligence.
Today, the Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan) announced $6.8 million in federal funding through the Regional Artificial Intelligence Initiative (RAII), for five projects in Alberta.
The funding announced today will support more than 70 jobs in Alberta and advance Canada's domestic capacity for technology and innovation in artificial intelligence. These investments will help businesses and organizations bring technology to new markets, improve productivity and competitiveness, and offer research and testing opportunities to support growth and innovation.
These strategic investments through RAII advance the Government of Canada's commitment to building a stronger, more resilient Canadian economy, while accelerating the development of nation-building data and AI infrastructure in Canada.
Full details about these projects can be found in the linked backgrounder.
