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.

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