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Globe says Meta, rivals hear Canada needs to boost AI

2024-10-24 08:30 ET - In the News

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The Globe and Mail reports in its Thursday, Oct. 24, edition that the OECD forecasts that Canada will rank last in productivity growth among developed countries within a decade, risking dwindling prosperity and limited opportunities for future generations. The Globe's guest columnists Yung Wu, Prashant Pathak and Thomas Park write that if we can find a solution by embracing the transformative power of artificial intelligence and investing in the critical infrastructure that supports it, Canada can reverse this trajectory and secure a prosperous future. There has been much talk about how AI is a force capable of revolutionizing industries. In Canada, the accelerated adoption of generative AI could boost GDP by nearly 2 per cent, some estimates show. This, however, is not what the guest columnists are talking about. Rather, they say to fully capitalize on this opportunity, we must address a critical bottleneck: inadequate data centre infrastructure and reliable energy capacity to support the burgeoning AI ecosystem. The energy demands of big tech companies and AI giants are skyrocketing. Canada stands uniquely advantaged. Our abundant low-emission energy sources can provide a sustainable foundation for AI infrastructure.

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