Justin Trudeau announces $2.4B for AI investments in Canada

Re:Justin Trudeau announces $2.4B for AI investments in Canada by morkalork on Sunday April 07, 2024 @03:56PM (#39963342)

What happened to Element AI? That was $100M up in smoke..

Also, the government is pushing some kinda harsh AI regulations at the same time. It's kinda counter intuitive.

[ Parent | on HN ]

Re:Justin Trudeau announces $2.4B for AI investments in Canada by strongpigeon on Sunday April 07, 2024 @04:24PM (#39963574)

This reminded me of Element AI as well. I happen to know someone who worked there for a while who said that the people there seemed much more interested in publishing press releases than creating sellable products…

[ Parent | on HN ]

Re:Justin Trudeau announces $2.4B for AI investments in Canada by amitdeshwar on Sunday April 07, 2024 @03:59PM (#39963362)

Bought by ServiceNow. https://www.servicenow.com/company/media/press-room/servicen...

[ Parent | on HN ]

Re:Justin Trudeau announces $2.4B for AI investments in Canada by morkalork on Sunday April 07, 2024 @04:03PM (#39963399)

Yes, I know. What I mean is: How did the AI darling of the country, headed by one of the biggest names in AI, with a $100M warchest totally blow it and up getting pawned off to Service Now?

[ Parent | on HN ]

Re:Justin Trudeau announces $2.4B for AI investments in Canada by amitdeshwar on Sunday April 07, 2024 @04:29PM (#39963621)

I'm not an insider, but as far as I can tell they never had a vision or a strategy, so ended up just doing "AI" consulting for random enterprises. Surprise, surprise that wasn't a path to a successful business.

[ Parent | on HN ]

Re:Justin Trudeau announces $2.4B for AI investments in Canada by morkalork on Sunday April 07, 2024 @04:54PM (#39963821)

I guarantee you the exact same insiders are lining up for, and will get first dibs, on the announced investments. After all, they've got industry experience!

[ Parent | on HN ]