SCALE AI announces investments of $25 million: AI is leading the way for more efficient and resilient supply chains in Canada
MONTREAL, Nov. 14, 2022 /CNW Telbec/ - Today, SCALE AI, Canada's AI Global Innovation Cluster, announced $25 million in investments to support six AI projects in key areas. From developing supply chain intelligence platforms for SMEs, to optimizing continuity of care, making workforce decisions, and supporting planning, each of these projects demonstrates the important contribution AI can make to creating more efficient and resilient supply chains in Canada. AI has become a critical link in addressing economic challenges such as labour shortages and supply chain disruptions, as well as helping to improve our environmental performance by optimizing production and transportation.
The Honourable François-Philippe Champagne, Canada's Minister of Innovation, Science and Industry, says: "Canadian AI is essential to improving global supply chains. Our government is proud to invest in SCALE AI and its partners to make supply chains more resilient and efficient. It's great to see this work helping to create more high-quality jobs for Canadians and accelerate our economic recovery."
Annie Koutrakis, Parliamentary Secretary to the Minister of Transport, notes: "Innovation is key to improving Canada's economic performance, including helping to create more efficient supply chains. That's why I am delighted to highlight the important work being done by SCALE AI and its partners in these projects."
Julien Billot, CEO, SCALE AI, explains: "By strengthening collaborations between all industry players, we have contributed to the interactions between AI labs, AI product and service providers and companies that drive innovations and their implementation on the field. We have a significant portfolio of projects that reflects the unique dynamics of our ecosystem, as new players act as important drivers in the development of new AI solutions."
Hélène Desmarais, Co-Chair of the Board of Directors, SCALE AI, adds: "SCALE AI is working, in partnership with the entire ecosystem, to continue the development of AI in Canada and accelerate its integration into Canadian businesses. Our successes at home are also capturing global attention, showcasing Canadian talent and capabilities to answer today's economic, technological, and logistical challenges. SCALE AI investments generate economic and environmental benefits as they help create more innovative and efficient supply chains."
6 projects representing investments of $25 million
About Scale AI (scaleai.ca)
As Canada's AI Global Innovation Cluster, Scale AI acts as an investment and innovation hub that accelerates the rapid adoption and integration of artificial intelligence (AI) and contributes to developing a world-class Canadian AI ecosystem. Based in Montreal and funded by the federal government and the Québec government, Scale AI works with nearly 500 industry partners, research institutes, and other players in the field of AI. The organization develops programs to support investments in companies that implement real-world applications of AI and encourage the emergence of future Canadian flagships in the sector, all while facilitating the development of a skilled workforce.
SOURCE Scale AI
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