Automotive R&D and innovation is growing in the Toronto-Waterloo technology corridor, despite General Motors Oshawa assembly plant closing.
Topic: artificial intelligence
The University of Alberta will create an AI supercomputing hub, with a $2.5-million investment from Western Economic Diversification.
The venture capital community in Canada was upbeat in the second quarter of the year, investing in 116 deals from 112 in the first quarter. But the value of investments dropped by 7% to only US$900 million compared to the first quarter. Still, the latest MoneyTree report by PwC Canada and CB Insights noted a…
The federal government has released a new National Cyber Security Strategy based in part on a Cyber Review with public consultations conducted in 2016 and first announced in Budget 2018.
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.
The Bank of Canada will team up with the Creative Destruction Lab (CDL) to learn more about emerging technologies and their applications in financial services. In line with its 2019–2021 Medium-Term Plan, the Bank forged the partnership to keep abreast of developments in artificial intelligence, machine learning, crypto currencies and quantum computing. The partnership with…
Investments in innovative companies were up in the first quarter of 2018 (Q1/18) across several sectors with venture capital funds leading the way, according to two new reports on Canadian activity. However, when it comes to private equity investments, one report indicates that investments were relatively slow but still bigger in value.
Six regional technology development sites (RTDSs) across Ontario will receive financial support from the Ontario government as part of the Autonomous Vehicle Innovation Network (AVIN) project, which seeks to position the province as a leader in transformative automotive technologies, transportation systems and related supporting infrastructure. Earlier this month, the Ontario Centres of Excellence (OCE), which…
Expenditure-based measures have been the most successful and best used indicator of innovation to date because the data can be collected with minimal effort and maximum accuracy (not perfect) and interpreted without huge complexities.
Last month, Québec tabled its 2018 budget, which includes more than $1 billion for research, innovation and economic growth, reflecting several recommendations made by the Advisory Council on the Economy and Innovation.