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or Name
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Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 10,300,000
Close 2024-11-28 C$ 34.45
Market Cap C$ 354,835,000
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Globe says Meta, rivals hear global AI alliance needed

2024-11-29 07:10 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Globe and Mail reports in its Friday edition that we are at the start of a transformative era with generative artificial intelligence and the upcoming artificial general intelligence. The Globe's guest columnists Tawfik Hammond and Terence Smith write that these innovations promise significant economic growth, with potential impacts of up to $19.9-trillion (U.S.) by 2030. To navigate these changes responsibly and ensure future economic security, a global AI-focused alliance is essential. Canada should aim to lead in establishing a secure and competitive foundation for the future AI landscape. The U.S. CHIPS and Science Act is investing $280-billion in semiconductor research and training, while BlackRock, Microsoft and MGX are allocating $100-billion (U.S.) to develop AI data centres and infrastructure. Canada risks falling behind in the global AI race, with Toronto's data centre capacity only one-third of Chicago's. Alberta is actively attracting AI investment due to low-cost natural gas, carbon storage potential, cold weather and a faster regulatory environment, but there is no national effort to support this. Canada has a unique chance to gain a competitive edge by aligning frameworks and tools with its allies.

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