Home ยป Canadian Government Proposes Investment of 65 Trillion Baht in AI, Nearly All for Infrastructure Development.

Canadian Government Proposes Investment of 65 Trillion Baht in AI, Nearly All for Infrastructure Development.

The Canadian government, under the leadership of Prime Minister Justin Trudeau, has proposed an investment in AI worth 2.4 billion Canadian dollars (approximately 65 billion baht) in the 2024 budget to propel Canada to the forefront of the world’s AI scene.

In the comprehensive package totaling 2.4 billion Canadian dollars, a significant portion of 2 billion Canadian dollars will be allocated to invest in computer infrastructure (simply put, purchasing GPUs) under the AI Compute Access Fund. This aims to provide researchers and the private sector with sufficient processing resources, with the long-term effect of attracting talented individuals worldwide to work in Canada.

Other allocations in the package include:
– 200 million Canadian dollars for investing in startups that use AI to solve crucial industry challenges such as agriculture, clean technology, healthcare, and manufacturing.
– 100 million Canadian dollars to support SMEs leveraging AI technology to enhance productivity.
– 50 million Canadian dollars to support AI-displaced workers through training in new skills.
– 50 million Canadian dollars to establish the Canadian AI Safety Institute to ensure the safety of AI use.
– 5.1 million Canadian dollars for the proposed Artificial Intelligence and Data Act that is being introduced to Parliament.

Source: Prime Minister of Canada, CBC

TLDR: Canadian government led by Prime Minister Justin Trudeau allocates 2.4 billion Canadian dollars for AI investment in 2024, aiming to establish Canada as a global leader in AI.

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