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Globe says Meta, rivals hear Tories plan cuts to AI

2025-04-23 07:54 ET - In the News

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

The Globe and Mail reports in its Wednesday edition that Conservative Leader Pierre Poilievre is proposing to cut government spending on artificial intelligence initiatives, as outlined in the party's election platform. The Globe's Joe Castaldo writes that this comes at a time when other countries are investing heavily in AI for economic growth. The platform, released Tuesday, lacks details on which specific AI programs would be affected and projects nearly $2.3-billion in savings by 2028-29. The projected annual cost savings in the Conservative platform closely match the federal Liberals' proposed $2.4-billion AI strategy spending over the same period. The plan allocated $2-billion to help companies access computing power for AI models, build Canadian-owned data centres and encourage private companies to establish facilities in Canada. Access to AI infrastructure has been a barrier for some Canadian AI companies and researchers. A spokesman for Mr. Poilievre did not return a request for comment about whether the Conservatives are proposing to scrap that program. The Liberal plan includes $200-million to support AI start-ups in bringing products to market and enhancing AI adoption in key sectors like health care.

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