The Globe and Mail reports in its Wednesday, Nov. 27, edition that co-founders of two leading Canadian artificial intelligence firms highlight that, while excitement around the technology is high, the process of turning ideas into products is slow. A Canadian Press dispatch to The Globe reports that Nick Frosst, co-founder of enterprise AI business Cohere, notes that the pipeline for AI implementation is lengthy. Mr. Frosst said at the University of Waterloo's Tech Horizons Executive Forum in Toronto on Tuesday: "A lot of the times when I start to deal with a Canadian company, they say, 'We've got to get an AI strategy. We've got to build AI. ... Then, it takes a long time to get from some high-level room that says we need this thing to an actual implementation that's sitting in production, saving their employees time or delighting their users." AI firm AltaML co-founder Nicole Janssen has had a similar experience. She estimates it takes 18 months for companies reaching out to her business to commit to using AI and then another 18 months to start doing something with it. She says, "Then people get tired of this thing that's not giving them a return on the investment and it falls to the wayside."
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