Organization: Vector Institute

LG Electronics launches new AI Lab in Toronto

Korean tech giant, LG Electronics Inc. (LG) is launching the “LG Electronics AI Research Lab”, an extension of LG’s existing AI Research Lab in Silicon Valley, at the Univ of Toronto. The new facility is the latest LG AI lab, joining existing labs in South Korea, India, and Russia, as a part of LG’s growing…

G7 leaders commit to STI concerns

G7 Leaders have committed to act on key issues brought to their attention by the science, technology and innovation (STI) community, particularly around artificial intelligence (AI) and climate change. However, the US stayed away from any further climate change commitments, while Canada’s STI stakeholders are asking for action beyond signatures on a piece of paper.

G7 Science Summit examines repercussions stemming from tsunami of new digital technologies

Canada’s hosting of this year’s G7 Summit is being preceded by an unprecedented series of research summits that examine the potential and impacts of digital technologies and sustainable oceans. The summits – organized by the Royal Society of Canada (RSC) – are intended to inform discussion at the main event in Charlevoix, QC on June 8-9.

Ontario Budget 2018 puts more support for scale-ups, startups and promising sectors

With elections just around the corner, Ontario Liberals released earlier than usual its 2018 budget, which includes at least $1.5 billion for R&D and innovation. The $158.5-billion spending plan focuses largely on enhanced social, education and healthcare initiatives but also commits millions to businesses as well as R&D, innovation and competitiveness.

Tech Mahindra invests $100M for Centre of Excellence in AI, blockchain

India’s Tech Mahindra will invest $100 million over the next five years to create a new Centre of Excellence (COE) in Canada for major emerging technologies, such as artificial intelligence and Blockchain. The Indian technology powerhouse made the announcement during Canadian prime minister Justin Trudeau’s visit to India in February. Tech Mahindra said the COE,…

TD acquires Toronto AI firm

TD Bank has acquired Layer 6 Inc, a Toronto-based artificial intelligence firm, for an undisclosed amount. The bank said its latest investment is part of a transformation strategy to deliver personalized customer experience. Layer 6 offers an AI platform to financial institutions and e-commerce for prediction and personalization. Layer 6 is co-founded by co-CEOs Tomi Poutanen…

Supercluster contenders must include strategies for confronting the risks in managing diverse interests

Managing different organizations with varying interests and different sizes of financial commitment will require a change in culture for the companies and institutions engaged in the Innovation Supercluster Initiative (ISI) competition. Governance and managing millions of dollars in government funds matched by industry are among the key challenges and risks ISI contenders will face, according to panelists at the recent Canadian Science Policy Conference

Thales creates Montreal-based cortAlx to provide safe and ethical AI solutions

A new centre for artificial intelligence is in the works in Montreal further solidifying its position as one of Canada’s main hubs for AI. Thales SA, a France-based, multinational defence and aerospace contractor, recently announced the creation of the Centre of Research and Technology in Artificial Intelligence eXpertise (cortAIx), which will be supported by the…