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Scale AI Announces $129 Million Investment in Canadian AI Projects
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10 months ago

Scale AI Announces $129 Million Investment in Canadian AI Projects

Canada

News Summary

Scale AI has announced an investment of nearly $129 million CAD to support 44 new applied AI projects across Canada. This funding, which is Scale AI’s largest to date, involves approximately $46 million from the government-backed Canadian AI cluster and $83 million from private partners. The announcement was made at League’s Toronto headquarters, a healthtech company co-leading a Scale AI-backed project aimed at improving healthcare benefit access using AI. The funded projects, spread across British Columbia, Alberta, Manitoba, Ontario, and Québec, cover various sectors, including healthcare, agriculture, mining, and transportation. These initiatives aim to enhance cancer patient care post-radiation therapy, improve electric utility responses to power outages, and expedite oil and gas pipeline inspections. Notable partners include AlayaCare, FluidAI Medical, MDA Space, and Vooban. Michael Serbinis, CEO of League, emphasized the importance of these investments in building Canadian global AI champions.

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Scale AI unveils $129 million for 44 new applied AI projects across Canada

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