The Quebec government is investing $21 million over three years into Montreal-based artificial intelligence institute Mila to further advance its work on socially beneficial AI. This news was overshadowed by Quantum computing pioneer D-Wave Quantum Inc. securing US$50-million in financing and BetaKit’s coverage of Canadian tech in March. Osler’s market-leading Emerging and High Growth Companies Group released its second annual Deal Points Report: Venture Capital Financings. Finally, Amazon announced it is joining the generative AI race by making two new AI language models available through its cloud platform, Amazon Web Services.
