Trudeau announces $2.4B of federal budget will go towards Canada’s AI sector

Prime Minister Justin Trudeau announced, as part of the 2024 federal budget, that $2.4 billion will go towards Canada’s artificial intelligence (AI) capacity in Montreal Sunday. Trudeau revealed that $2 billion of the funding will be used to “provide access to world leading computing capabilities” and help launch a “new AI compute access fund and a new Canadian AI sovereign compute strategy.”