PwC Canada invests $2.5 million in a new artificial intelligence research institute

 

Toronto, ON. April 6, 2017 – PwC Canada is proud to be a founding sponsor of Vector Institute, a non-profit institution specializing in artificial intelligence (AI) and machine learning research. Based in Toronto, the Institute will collaborate with academic institutions, incubators, accelerators, startups and private companies to advance the research, adoption and commercialization of AI across Canada.

“We’re proud to be an inaugural sponsor of this collaborative initiative between the private and public sector,” says Bill McFarland, CEO and Senior Partner, PwC Canada. “Through this partnership, we will be unlocking the potential of AI and exploring innovative solutions that will transform diverse industries such as healthcare, finance, education, retail and transportation.”

Vector Institute is a significant partnership between the Province of Ontario, Government of Canada, University of Toronto and more than 30 founding sponsors from private industry. The Province of Ontario has committed $50 million. The Government of Canada is also planning a $40-50 million investment in Vector Institute over the next five years and private companies, including PwC Canada, have collectively committed more than $80 million over the next 10 years.

For more information on Vector Institute, visit:

https://vectorinstitute.ai

Follow PwC on Twitter at @PwC_Canada_LLP and on Facebook at www.facebook.com/pwccanada.

 

About PwC Canada

PwC Canada helps organizations and individuals create the value they’re looking for. More than 6,500 partners and staff in offices across the country are committed to delivering quality in assurance, tax, consulting and deals services. PwC Canada is a member of the PwC network of firms with more than 195,000 people in 157 countries. Find out more by visiting us at www.pwc.com/ca.

© 2017 PricewaterhouseCoopers LLP, an Ontario limited liability partnership. All rights reserved.

PwC refers to the Canadian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.

 

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