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Stock impact report

Canada's AI Gold Rush Is Here — and These Companies Are at the Forefront [Yahoo! Finance Canada]

Brookfield Infrastructure Partners LP Class A Subordinate Voting Shares (BIPC) 
U.S. stocks have been the clear leaders in the artificial intelligence (AI) race so far, with megacaps like Google NASDAQ: GOOG ) and Microsoft NASDAQ: MSFT ) and smaller private companies like OpenAI making waves globally. AI-driven spending has been reaching record levels, and Canada isn't sitting on the sidelines anymore. Last fiscal year, the government unveiled the “ Canadian Sovereign AI Compute Strategy ,” with plans to invest up to $2 billion over the next five years to expand its capabilities. A big part of that includes $700 million in new funding to build up Canada's AI infrastructure. The plan is to capitalize on the country's “clean energy, abundant land, and naturally cool climate” — all of which make it easier and more sustainable to operate large data centres. Another billion is earmarked to build an extensive sovereign supercomputing infrastructure and a smaller computing facility. Those goals might sound bold, but Canada's got the people to make it happen. Show less Read more
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