Anthony Furey: Ottawa Wants to Throw Billions of Tax Dollars Into AI, but What Will It Accomplish?

Published on April 9, 2024

Commentary The federal government wants to jump on the Artificial Intelligence (AI) bandwagon and be a big player and contributor to the field. While it’s important to make long-term investments in Canada’s growth, we should have doubts as to the value of these particular expenses. As part of the many giveaways Prime Minister Justin Trudeau is announcing in the lead-up to the April 16 Budget Day, the feds have announced an AI funding packet. A total of $2.4 billion is intended to go towards various AI initiatives. Some of it will be in the form of grants to various start-ups, but the bulk of it—$2 billion—is earmarked for building up AI infrastructure....