The Vector Institute, which is supported by the federal government, province and University of Toronto’s AI specialists, attributed the increases to sustained investment in the sector in recent years, which boosted the province’s AI talent and capabilities.
Schuler is already seeing AI trigger funding. The sector saw 273 unique investors directly investing in Ontario’s AI companies, up 29 per cent from the year before, and 50 AI companies relocating to the province, a 285 per cent increase over the same period.
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