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Globe says Alphabet, rivals hear Solomon to boost AI

2025-06-25 07:00 ET - In the News

See In the News (C-GOOG) Alphabet CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday, June 25, edition that Federal Minister of Artificial Intelligence Evan Solomon emphasizes the urgency of building large AI companies in Canada. The Globe's Joe Castaldo and Pippa Norman write that Mr. Solomon advocates for collaboration with foreign firms and partnerships with other nations to secure capital for the AI sector. Despite federal investments in AI research, Canada has struggled to commercialize the technology and lacks the large data centres needed for AI applications. The global race for computer chips and data centre construction is on, with most of the world's powerful facilities in the U.S., China and the EU. Last year, the federal government announced a $2-billion package to help companies build data centres in Canada. Mr. Solomon acknowledged this investment but stressed the need for partnerships with other nations to secure AI funding. He pointed out that establishing a single AI data centre can cost billions. "Sovereignty does not mean solitude," he said, emphasizing collaboration with countries like France, Germany, the U.K. and the U.S. Recently, he also met with a UAE delegation to discuss AI investment opportunities.

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