Derrick Tan’s Post

On last week's episode of TVO's The Agenda with Steve Paikin, Untether AI CEO Chris Walker gave his analysis of the state of Canada's AI ecosystem. So, what makes Ontario a global powerhouse in AI? 1. Unbeatable AI talent graduating from Ontario's top universities and the Vector Institute 2. Diverse talent pool that attracts global AI companies 3. Generous R&D tax credits fueling innovation 4. Wide AI adoption across healthcare, finance & transportation But the most crucial factor in winning on the world stage? Increased investment. Hear his full take on supercharging Ontario's AI ecosystem at the link below, and discover the groundbreaking AI advancements happening right here in Canada. Great to join you Sanjana Basu, Radical Ventures | Ryan Perera, Captain.ai | Dr .Tom Corr DBA, ADipC, MBA, ICD, AI Partnerships Corp.! #cdntech #ai #innovation #theagenda #tvo #semiconductors #toronto

Chris Walker, CEO of Untether AI, went on a recent episode of TVO’s The Agenda with Steve Paikin to discuss his views on AI ecosystems, specifically Ontario becoming a powerhouse in the industry. Chris Walker states that the most crucial factor for this sector to “win on the world stage” is the increase in investments in this ecosystem. Listen to the full interview below. #AI #TVO  

💡 Attending the ALL IN Conference in Montreal this past week was both inspiring and troubling. Engaging with leaders in IT, executives, VCs, and fellow tech startups, all driven by the transformative potential of AI, reaffirmed a key insight: Canada is at a crossroads.. With AI accelerating at a breakneck pace, the Canadian Chamber of Commerce's recent BDL report warns us—Canada's productivity is in crisis. As companies worldwide harness AI, we must act now. Faster adoption of generative AI could be crucial in reversing the country’s economic decline. Canada lags behind other nations in productivity growth, which poses a risk to its global competitiveness. 🤯 Almost 3 in 4 Canadian businesses (73%) have not even considered using Gen AI yet... Enterprises and governments alike showcased how AI adoption can transform sectors and drive economic growth. Let’s turn this tipping point into an opportunity to reshape our economy. Together, we can power the future of Canadian productivity. #ALLIN2024 #AI #Genai #NEXTAI #Innovation #ProductivityCrisis #Canada #TechForGood #koatAI

🌍 The Global AI Investment Landscape: A Look at 2024-2025 Fascinating to see how the global AI investment landscape is evolving. The numbers coming in for 2024 and projections for 2025 paint a compelling picture of accelerated commitment to artificial intelligence across major economies. - The UK's Department for Science, Innovation and Technology has announced a £300M investment specifically targeting AI safety research and compute capacity through 2025. - In a significant move, the EU has allocated €7B for AI innovation and infrastructure as part of their updated Digital Europe Programme, aiming to boost European AI competitiveness. - China's continued momentum in AI development has led to projected investments reaching $50B in 2024 alone, keeping them on track for their ambitious 2030 goals. What's particularly interesting is where this money is flowing - beyond pure research into real-world applications. AI safety, healthcare solutions, and climate tech are emerging as key priority areas. These investments reflect a maturing understanding of AI's potential - moving from hype to strategic implementation. But the question remains: how will these massive commitments translate into practical innovations? What sector do you think will see the most transformative AI applications from this wave of investment? #ArtificialIntelligence #TechInvestment #Innovation #FutureOfTech #DigitalTransformation

Exciting news! Canada is investing $2.4 billion in Budget 2024 to boost AI innovation, securing Canada's AI advantage and Global Leadership while ensuring benefits for all.   With $2 billion in infrastructure, Canada will attract talent and enhance competitiveness. $200 million will empower AI startups, driving innovation in sectors like healthcare. Small businesses will receive $100 million for AI adoption, fostering growth.   But it's not just about technology; it's about people. $50 million will support workers adapting to AI, ensuring skills for the future. Plus, $50 million will establish the Canadian AI Safety Institute, prioritizing safety.   These investments underscore Canada's commitment to a prosperous future, where every generation can thrive in the AI-driven economy. Let's embrace innovation, create jobs, and shape a brighter tomorrow together!   #AI #Innovation #Canada #FutureOfWork #EconomicGrowth #TechInvestment

Today at ALL IN the AI event in Montreal, industry leaders highlighted a big problem: Canada has top AI talent but struggles to turn that talent into successful businesses. Here are 3 lessons I learned today: 1. Canada has top AI talent: Our AI talent pool is rated A+, which means we are as good as the best in the world. 2. Commercialization is a challenge: Despite having great talent, we are not good at turning that talent into marketable products. We got a D- rating for commercialization. 3. Brain drain is real: Top researchers are leaving Canada for the U.S. and China, where their ideas can become products faster. I'm curious if you've noticed this also? How can we make our commercialisation game better?

How Switzerland’s Mindset Drives Global Success 🌍🇨🇭 Switzerland is renowned for its global success across various sectors, from finance to technology, and has built a reputation for quality, precision, and innovation. But in the AI era, what’s key to maintaining our competitive edge? The right mindset 🧠 🔑 Identifying opportunities, investing in new technologies, and being willing to take calculated risks while expanding beyond niche excellence is crucial for Swiss companies to scale globally in AI. 🏔 Investing in Swiss AI solutions like #SwissGPT strengthens not only our innovation power but also safeguards our sovereignty and data privacy. 🎓 Reskilling and continuous learning are essential for a future-ready workforce. The world is changing—let’s make sure Switzerland leads the way. 🚀 Read more 👉 https://lnkd.in/eftVdHuK #AI #Innovation #Leadership #SwissTech #Mindset #FutureOfWork #AiTeCare #AlpineAI

According to the latest rankings by Stanford Institute for Human-Centered Artificial Intelligence (HAI), #SouthKorea has secured an impressive 7th place on the global vibrancy tool for 2024. This comprehensive assessment evaluates **36 countries** across **42 AI-specific indicators**, including research output, private investment, and infrastructure. South Korea’s rise in the AI landscape is not just a statistic; it reflects a robust commitment to fostering an environment ripe for technological advancement through: -Research Output: South Korean institutions are producing groundbreaking studies that push the boundaries of what’s possible with AI. -Private Investment: With significant capital flowing into startups and established companies alike, innovation is thriving. -Infrastructure Development: The government is investing heavily in digital infrastructure, ensuring that both businesses and researchers have access to cutting-edge technology. We would love to hear your thoughts! How do you see your country or organization positioning itself within the global AI landscape? Share your experiences below! #SouthKorea #KOCCA #AI #ArtificialIntelligence #Innovation #Globalleadership #Futuretech

𝐒𝐡𝐚𝐧𝐠𝐡𝐚𝐢 𝐚𝐧𝐝 𝐂𝐡𝐢𝐧𝐚 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐭𝐨 𝐛𝐞𝐭 𝐨𝐧 𝐀𝐈 Shanghai has recently launched a new Artificial Intelligence (AI) Ecosystem Fund with an initial size of $100 million. Managed by Shanghai Guotou Futen Capital and backed by leading companies such as MiHoYo, SenseTime, and Bilibili, the fund will focus on key areas including AI infrastructure, foundational and vertical models, and next-gen AI applications. This move reflects China’s accelerating efforts to boost AI innovation, following similar launches in other cities like Beijing, Chengdu, and Shenzhen. The demand for AI products and services is only forecast to grow in China, nearly tripling between 2021 and 2026 (see graph). Developments like this highlight the importance of staying updated with China's rapid advancements in AI as they offer potential collaboration opportunities. Now is the time to engage with China’s growing AI ecosystem, so talk to us to find out how to access these opportunities. At Transphere Consulting our team has over 20 years of combined experience doing business in China.