Manufacturing AUTOMATION

SCALE AI announces $96M in investments to support 22 AI projects

June 4, 2024
By Manufacturing AUTOMATION

SCALE AI, Canada’s AI Global Innovation Cluster, has announced a financing round with $96 million in total investments to support 22 artificial intelligence (AI) projects in key sectors such as manufacturing, life sciences, retail, transportation and logistics, and agriculture.

Each initiative announced reportedly aims to enhance efficiency, safety and operational excellence thanks to AI-powered services and solutions, further advancing applied AI expertise in the country, to benefit the entire Canadian economy.

SCALE AI explains in a press statement that in a concerted effort to elevate national productivity and tackle Canada’s most pressing societal and economic challenges, AI emerges as a powerful tool to enhance our resource management. The projects selected by the SCALE AI team have reportedly been chosen for their potential to deliver concrete economic and human benefits and intellectual property advancements for the players involved and for the Canadian AI ecosystem. From improving supply chain logistics to advancing healthcare outcomes, the technological advances resulting from these projects are set to redefine industry standards and create tangible benefits for businesses and consumers alike.

“The projects supported by SCALE AI are not just about technological advancement; they’re a catalyst for job creation and economic growth, opening up new opportunities for skilled employment in the Canadian AI sector. We are proud to be the best ally for accelerating the adoption of AI by both large and small Canadian companies, and we envision a future where artificial intelligence not only drives economic growth but also fosters an inclusive and innovative society,” said Hélène Desmarais, Co-Chair of the Board of Directors, SCALE AI.

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Details of the selected projects are available here.


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