A quick wrap of the week in political economy news: Brexit finally broke Theresa May; Xi Jinping compared China’s trade war with the U.S. to the Long March, the gruelling, yearlong retreat by the Communist Party that ultimately led to Mao Zedong’s ascent to power; and Donald Trump released US$16 billion from the federal treasury to aid farmers suffering from the retaliatory tariffs that he provoked.
“There is an opportunity on the table,” Jacomo Corbo, co-founder and chief scientist at QuantumBlack, the London-based AI firm that McKinsey & Co. purchased in 2015, told me in an interview at C2.Doug Ford, the premier of Ontario, did his part this week by cutting $24 million in funding for CIFAR and the Vector Institute for Artificial Intelligence.
Robert Asselin, a former adviser to Justin Trudeau, and Sean Speer, who advised the current prime minister’s Conservative predecessor, worry that the absence of a multi-partisan consensus on the right policies for the innovation economy will wreck whatever comparative advantage we currently have.There surely were a few tens of billions of less-import dollars in the budget that survived at the expense of AI research.
“I’m concerned for Canada,” Angelique Mohring, chief executive of GainX, an AI firm with offices in Waterloo, Ont. and London, England told me in an interview.
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