B.C. Minister Encourages Businesses to Adopt AI Innovations

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AI,Artificial Intelligence,Technological Change

B.C.'s Minister of Jobs, Economic Development and Innovation Brenda Bailey believes that adopting AI is vital for businesses. She is exploring ways in which the government can support businesses in taking advantage of AI innovations.

Advances due to artificial intelligence are more powerful than previous technological evolutions, making it even more important for entrepreneurs and executives to pay attention and gain from the quantum leap in efficiency that is possible, say those in the industry.

“Companies that embrace AI, and find solutions with AI, are going to be ahead of the curve, and those that don’t will be left behind. I’m very much thinking about that.” “That’s from high-performance AI infrastructure, like chips, or tensor processing units – the technology that the largest AI startups run on – to our own foundational large language models.”

“When a bank statement comes in, it’s a bit of a bowl of spaghetti,” Baizley said. “We use our AI-driven models to say, ‘OK, let’s transform that into something that’s usable.’” The software, for example, can delve into complex tax calculations that arise when executives work in multiple jurisdictions, or have equity stakes in companies in multiple jurisdictions.

He said Charli.ai has about a dozen clients but he did not want to name them without permission. One of those clients is one of Canada’s largest banks, he said. • Browse.ai, which helps companies extract and monitor data from any website and convert it into a spreadsheet; and

 

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