Alberta authorities giving $9 million in funding to Edmonton AI firm

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The remaining $four million in funding is coming from Alberta Innovates. 

Newly-minted Jobs, Economy and Innovation Minister Doug Schweitzer instructed Postmedia Friday that the cash is a part of plans to assist Alberta proceed to be a world chief in synthetic intelligence.

“This is the foundational technology that’s going to allow us to solve some of the most complicated problems around the world. It’s going to allow us to save thousands if not millions of lives,” he stated. 

“It’s going to save us an immense amount of money as a government, as well as making sure businesses are the most efficient as possible.”

At an announcement Thursday, Schweitzer promised a government-wide technique to draw funding to the province together with upcoming sector-specific plans for sectors together with agriculture and forestry, aviation, vitality, expertise and tourism.

The UCP authorities has touted Alberta’s power within the synthetic intelligence sector however following the 2019 election it halted an NDP promise made simply previous to the election to spend $100 million within the sector over 5 years, claiming the cash hadn’t been budgeted.

An initial investment of $27 million was speculated to go to Amii— a analysis institute that’s world-renowned for its work within the areas of machine studying and synthetic intelligence —beneath the NDP’s plan, a few of which was going to be spent on an workplace in Calgary however that cash by no means materialized after the UCP got here to energy.

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