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Policy & Regulation

Atlantic Canadian businesses can now apply for nearly $40M in AI funding

CBC ·

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Summary

Atlantic Canadian small and medium-sized businesses can apply for nearly $40 million in federal funding for artificial intelligence projects costing at least $1 million. The Atlantic Canada Opportunities Agency says projects can involve adopting AI in business operations or developing AI products to sell. About 15 per cent of Atlantic Canadian businesses with 10 or more employees use AI, compared with about 20 per cent nationally, according to Statistics Canada data cited by the Atlantic Economic Panel.