Toronto is building an institute for artificial intelligence

#Toronto is getting a new AI institute

  • Toronto’s tech community is getting another big boost thanks to a new artificial intelligence institution that’s slated to open in the city.
  • The Vector Institute, as the Toronto Star reports, will focus on both research and business-related ventures.
  • As the Star writes, the Vector Institute will get $50 million from the province over five years and at least $40 million from the federal government as part of the newly announced $125-million Pan-Canadian Artificial Intelligence Strategy.
  • Among the 30 corporate backers, sponsors include the big five banks, Google, Loblaws, and Air Canada.
  • The institute is also affiliated with the University of Toronto.

Toronto’s tech community is getting another big boost thanks to a new artificial intelligence institution that’s slated to open in the city.

The…
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