Ontario cuts $24 million in funding to two AI research institutes

Tuesday May 21, 2019
Written by The Canadian Press
May 21, 2019 – Ontario has cut funding for artificial intelligence research, eliminating $24 million to two institutes.

The Vector Institute for Artificial Intelligence received $20 million last year and the Canadian Institute for Advanced Research received $4 million, but this year's government financial figures show that funding is gone.

The Progressive Conservative government is trying to eliminate an $11.7 billion deficit, and a spokeswoman for the economic development minister says Ontario needs to get its fiscal house in order after the previous Liberal government's spending.

Sarah Letersky says the government has a great working relationship with both institutes and looks forward to continuing to make Ontario a top destination for AI commercialization.

Related news
Magna commits $5M to AI research institute

When the Vector Institute was launched in 2017, the Liberal government at the time said the province's investment would help encourage research and development and create jobs.

Premier Doug Ford is set to speak this afternoon to the Collision technology conference in Toronto.

News from © The Canadian Press Enterprises 2019

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.