Scale AI announces five projects and $16.6 million in investments in artificial intelligence
Montreal, Quebec - February 18, 2021
With five projects, totalling $16.6 million in investments announced today by Scale AI, the Artificial Intelligence (AI) integration movement continues apace. From quality control to the optimization of transportation assets to diagnostic tools for truck maintenance, each of these projects demonstrates the infinite diversity of AI applications. With a direct contribution of $6.68 million, including $4.04 million from the Government of Canada and $2.64 million from the Government of Quebec, Scale AI is once again playing its role as a lever to scale up the deployment of AI in Canadian companies.
The Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, said, “The artificial intelligence sector is a driver of long-term growth, providing Canadians with high-quality and well-paying jobs. Through projects like those announced today, Scale AI is playing a key role in supporting Canada’s AI sector and enabling companies to be competitive on a global scale.”
“Scale AI is playing a key role in supporting Canada’s AI sector and enabling companies to be competitive on a global scale.”
— The Honourable François-Philippe Champagne, Canadian Minister of Innovation, Science and Industry
Pierre Fitzgibbon, Minister of Economy and Innovation, affirms: “Artificial intelligence has the potential to transform how Québec businesses develop. We have the good fortune, in Québec, to be able to rely on a solid ecosystem made up of world renowned researchers in this key sector. This is why we will continue to support companies, such as Scale IA, to set up business here, companies that improve the cohesiveness and competitiveness of our champions in this field.”
Julien Billot, CEO of Scale AI, pointed out, “Some people thought that the pandemic would slow down AI projects and investments. After the first few weeks, to the contrary, there was a sense of urgency to act. Companies wanted to become more efficient quickly and to be able to emerge stronger from this crisis. By supporting strategic investments in their modernization, Scale AI plays its role as a lever and accelerator to contribute to the success of companies from here—in AI and in all sectors.”
“This is encouraging, for companies that are accelerating the process of integrating AI to boost their productivity and competitiveness, but also for Canada’s growing AI ecosystem as a whole.”
— Hélène Desmarais, Co-Chair of the Scale AI Board of Directors
Hélène Desmarais, Co-Chair of the Scale AI Board of Directors, added, “Each cohort of projects reflects the organizations’ needs in all sectors for concrete AI applications. The understanding of AI’s capabilities to find solutions to concrete and specific supply chain issues has taken an incredible leap forward. This is encouraging, for companies that are accelerating the process of integrating AI to boost their productivity and competitiveness, but also for Canada’s growing AI ecosystem as a whole. ”
Five projects representing investments of $16 million
AI-powered pricing Partners: Couche-Tard, Thirdbridge, Ivado Labs See more
Improving the supply chain for truck maintenance Partners: Trimac Transportations,Preteckt, Université McGill See more
Extending an order’s life cycle through AI Partners: Bell Business Market, Inmind Technologies, Maxa AI, Loblaws Group, Ausenco Engineering Canada See more
Optimization of transportation assets Partners: Ray-Mont, Argus Transport See more
Demand forecasts for spare parts Partners: Bombardier, Traxxall See more
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