Author: Anja Karadeglija The Canadian Press

Canada Struggles to Commercialize AI Knowledge Despite Significant Investments Canada boasts impressive research capabilities, generous federal funding, and a high quality of life. However, the country lags behind in transforming artificial intelligence knowledge into tangible products and investments, potentially hindering its progress in the global tech industry. Despite launching national AI strategies and allocating billions of dollars to support research and commercialization, Canada struggles to retain ownership of its intellectual property. The government’s investments seem to benefit foreign companies more than Canadian firms, with a significant portion of AI patents leaving the country. Industry experts argue that Canada must focus…