Organization: Element AI

The Short Report, January 22, 2020: Ontario scholarship for Flight 752 victims; automation threat in Manitoba; superclusters unveil new projects

The government of Ontario has created a scholarship fund to honour the 57 Canadians who died on Flight 752. The new fund will disburse scholarships of $10,000 to 57 students, one in memory of each victim. “Many of the victims were students and professors with bright futures, studying and teaching at Ontario universities and colleges, and…

The Short Report, January 8, 2020: Forward with 5G in central Canada; Ottawa buys a laser; a faster path to accessible AI

Rogers Communications and the University of Waterloo are partnering to build the first 5G network in central Canada, for research into 5G-related engineering, network design, applied mathematics and artificial intelligence. The partnership is part of a broader $20-million program by Rogers to invest in Canadian 5G research and development. The company has already collaborated with the…

The Short Report, Sept 11, 2019: Genome lab, industrial IoT, ecommerce

The federal government and the province of Quebec are teaming up to fund the creation and operation of a Montreal-based international centre of expertise for the advancement of artificial intelligence, focused on the responsible and ethical development of AI technologies, as part of the Global Partnership on AI (GPAI). Ottawa is committing $10 million over five…

The Short Report, June 5, 2019 – McMaster endowment, AI, timber research, green jet fuel

BDC Capital has launched the $250-million Industrial Innovation Venture Fund to invest in early to late stage tech firms and entrepreneurs accelerating the transformation of core Canadian industries including ag-tech, advanced manufacturing, oil and gas and mining tech. Venture capital veteran Joe Regan joins as the fund’s managing partner. “Industrial sectors tend to be slow…

Element AI goes global with $137.5-million series ‘A’ investment

Montreal-based Element AI has raised $137.5 million in series ‘A’ financing to support investment in large-scale artificial intelligence (AI) projects internationally, cement its status as Canada’s the largest global AI company and hire 250 people by January 2018. The investment is the world’s largest Series A round ever for an AI company. The financing is…