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Artificial Intelligence

Over the past few years, it has become increasingly clear that artificial intelligence is the next major frontier for the technology sector. Many countries have identified this, and thus the race has already kicked off with many countries eying the global AI leader spot.

China and the US have already established themselves as significant powerhouses when it comes to technology, and the same applies to the AI sector. The two countries have invested and continue to invest heavily in AI. According to Quarts, China plans to invest roughly $7 billion into AI over the next ten or so years. The country’s government expects the AI industry to be worth around $150 billion by then. So far China has the most robust plan towards being a leader in the AI sector. (May 10, 2019, Rebecca Kerswell, Money News National)

Healthcare is an important issue for any country and this is evident in the amount of money spent annually in the budget. Canada spends close to 11% of its GDP annually on healthcare. This is because the sector is largely publicly funded, 70% to be exact. Of the healthcare...
Canada has, without a doubt, made impressive progress on the development of revolutionary technologies key among them artificial intelligence. Years of research and development has seen the country emerge as a hub for big data analytics thanks to millions of dollars in investments from tech giants. It thus does...
Canada is increasingly becoming a hub for artificial intelligence Innovation and development. Amidst an influx of investments, a lack of regulation to govern the burgeoning sector poses significant dangers. Amidst the lack of regulations the likes of BlackBerry Ltd (TSE:BB) Kinaxis Inc. (TSE:KXS) and Royal Bank of Canada (TSE:RY)...
Women are exceeding expectations as they continue to spur innovations around artificial intelligence and machine learning in Canada. The country’s dominance in the AI space is drawing attention having become a hotspot for research around the merging technology. Development of AI has also given rise to investment opportunities in...
Artificial Intelligent systems are becoming increasingly complex thanks to increased research and investments into the sector. While AI has the potential to enhance how people live their lives, it also pauses serious ethical challenges when it comes to transparency accountability and responsibility. Shopify Inc. (TSE:SHOP), Kinaxis Inc. (TSE:KXS), and...
Investments targeting artificial intelligence innovations as well as developments are on the rise. Venture capital firms, investment funds and corporate investors, are increasingly stepping up equity investments around the emerging technology, signaling growing global interest. Growing AI Investments AI equity investments are on the rise the amount of private equity...
Canada is at the forefront of artificial intelligence development being home to the third largest pool of AI innovators. Investments are increasingly streaming in, from both the public and private sector, as the race to come up with the next big thing leveraging the technology heats up. Kinaxis Inc....
Artificial intelligence is expected to lead the science and health fields into the future and Canada are not being left behind it is playing a leading role. $49 million investment in DHDP As part of the developments, the Canadian government has announced a $49 million investment grant in the Digital Health...
Canada set aside as much as C$125 million in 2017, to spearhead and accelerate innovations around artificial intelligence technology. The investment, which is set to run for five years, seeks to take advantage of the vast amount of talent that the country boasts in the sector. Canada AI Investments The $125...
The dawn of artificial intelligence (AI) is leading a digitization revolution where everything is going smart. A significant offshoot of AI is the internet of things (IoT) technology where physical devices are interconnected. Notably, this machine-to-machine (M2M) communication is gaining popularity at the enterprise level in what could lead...