The Liberal government promised to halve the corporate tax rate for cleantech companies if re-elected. Small and large businesses in sectors like renewable energy, zero emission vehicles, and carbon capture and removal technology would see their taxes lowered from nine per cent to 4.5 percent and 15 percent to 7.5 per cent respectively. The promise…
Topic: AI
Ottawa invests $2.5 million in AI supercomputing hub at University of Alberta
The University of Alberta will create an AI supercomputing hub, with a $2.5-million investment from Western Economic Diversification.
Editorial 32-6
In the last few weeks, Canada has been in the global spotlight with its focus on science, technology and innovation (STI). Canada hosted the G7 leaders summit this year where two of the five themes were related to STI.
Canadian financial firms to invest up to $1B to help firms grow locally
A group of top Canadian banks and insurance firms are backing a fund that will help Canadian companies grow locally by filling an identified void in the capital market.
Toronto hosts Samsung’s second AI centre in North America
Samsung Research America (SRA) will establish an AI centre in Toronto’s downtown core at MaRS Discovery District. The AI centre seeks to hasten the adoption of AI using machine-learning technology on multiple devices — ranging from household gadgets and appliances to vehicles — with the goal of reducing friction between the user and the device.…
Research alliance works with parliamentary caucus to garner support for AI in health research
Research Canada, an alliance of stakeholders in health research, recently briefed Parliament about the potential benefits of applying artificial intelligence and machine learning in healthcare.
IBI Group launches smart city sandbox, creates Office of Innovation as part of strategic plan to leverage emerging technologies
Integrated design and technology firm IBI Group is setting up a smart city sandbox based at its Toronto headquarters to leverage its services and expertise around emerging technologies, such as 5G, robotics, artificial intelligence and blockchain.
Sophia awes at OCE Discovery 2018
The Discovery 2018 Conference wrapped up in Toronto, ON last May 1. The annual event organized by the Ontario Centres for Excellence (OCE) brought together technologists, innovators, entrepreneurs and enthusiasts from all over the world. Over 500 exhibitors and 3,000 participants attended the two-day event, which showcased Ontario as a hotbed of innovation and excellence.Featured at…
Borealis AI expands to BC
Borealis AI will establish a computer vision research centre in Vancouver by fall. Borealis AI, an RBC Institute for Research, will develop a machine learning subfield that trains computers to see, process and understand the visual world even as computer vision is new to the financial services industry. Professor Greg Mori, computing science director of…
Alberta corporation to invest in VC to seed startups
Alberta Enterprise Corporation, the provincial government’s independent fund of funds manager, has invested $5 million in Panache Ventures’ new Canadian seed fund. This investment comes after Panache Ventures recently closed up to $25 million in deals, and the company is keen to support more seed-stage startups across Canada. Panache Ventures is led by former startup…