TD Economics Report on AI: Impact on Canadian Economy and Productivity Growth

Published On Thu Jun 20 2024
TD Economics Report on AI: Impact on Canadian Economy and Productivity Growth

AI News Stories - BNN Bloomberg

The founder and CEO of Toronto-based autonomous driving startup Waabi says her company is on the verge of launching driverless freight trucks that could revolutionize North American supply chains. Waabi raises US$200 million to deploy driverless trucks by 2025

Canadian telecommunications firm Telus Corp. is promising not to use artificial intelligence to make or copy Indigenous art, following complaints from some communities that the technology misappropriates their culture. Read more

The head of Canadian artificial intelligence darling Cohere says the technology is not bound to exceed human capabilities any time soon and if it does, he's skeptical any sci-fi like scenarios will arise. Read more

AI startup Cohere opens New York office in expansion | Reuters

The federal government is dodging questions about whether artificial intelligence companies should be paying Canadian news publishers for content their chatbots are openly using. '50-50 chance' that AI outsmarts humanity, Geoffrey Hinton says

At a time when the AI boom is pushing tech company valuations into the trillions, the Godfather of AI, Geoffrey Hinton, is urging the industry to set aside vast sums of money to address an existential threat — what happens if AI becomes smarter than humans? Read more

Generative AI is poised to add around eight per cent to Canada’s labour productivity by the end of the decade, according to Microsoft Canada President Chris Barry. Read more

New Report from BDL on the Role of Gen AI in Addressing Canada's ...

Elon Musk confirmed he diverted artificial intelligence chips away from Tesla Inc. to his X Corp. and xAI Corp. ventures, offering explanations both for the redirected shipment and internal Nvidia Corp. emails casting doubt on the carmaker’s procurement plans. Read more

Dell Technologies Inc. fell the most in four years on Friday after its first revenue increase since 2022 wasn’t enough to impress investors with high expectations for the company’s AI server business. Read more

AI startup Cohere in talks to raise roughly $500mln to $1bln ...

Nvidia Corp. shares are surging for a third day as Elon Musk fueled the artificial-intelligence frenzy by accelerating his challenge of OpenAI, extending a post-earnings rally that’s added some US$470 billion to the chipmaker’s market capitalization. Read more

A new report from TD Economics says that while advancements in AI technology could help the Canadian economy address long-standing productivity issues, its potential for growth will depend on its implementation. Federal government's voluntary AI code of conduct gets eight more signatories Read more

Generative AI can boost Canada's productivity, report says ...