snIP/ITs Insights on Canadian Technology and Intellectual Property Law

Tag Archives: AI

Artificial Intelligence: The Year in Review

Posted in Big Data, Fintech, Privacy, Regulatory Compliance

By all accounts, “Maple Valley” is thriving.

2017 saw Canada, home to the second largest tech sector outside Silicon Valley,[i] solidify its position as a leader in the field of artificial intelligence (“AI”).

Based on available data to date, it is estimated that funding raised by Canadian AI companies in 2017 will exceed US$250 million, representing an almost two-fold increase from the previous record historical high of US$143 million in 2015.[ii] This healthy injection of private-sector funding has been accompanied by significant public investment. Notably, the 2017 federal budget provided for C$125 million in research and development funds … Continue Reading