Canada's Champagne Doubles Down on AIhttps://financialpost.com/technology/francois-philippe-champagne-doubles-down-canada-ai-bet
Champagne 'doubles down' on Canada's AI bet
Contributes $40 million to Scale AI's 'record-breaking' financing round of $117 million
To that end, Champagne showed up in Montreal on Feb. 13 to contribute $40 million to Scale AI’s “record-breaking” financing round of $117 million, which the organization said will back nine new projects and six existing ones — all aimed at developing profitable business applications for a technology that still feels like science fiction to many.
Scale AI is one of five “innovation clusters” that Prime Minister Justin Trudeau’s government hopes will recreate the conditions that turned ideas into wealth-generating companies and intellectual property in places such as Silicon Valley, Boston and Israel.