Startups, VCs among investors of $80 mln in AI institute Vector

Vector Institute, a new artificial intelligence facility, has been launched at Toronto's MaRS Discovery District. Chaired by former TD Bank Group CEO Ed Clark, Vector will develop a Canadian economic cluster through partnerships that advance AI research and drive the adoption and commercialization of AI technologies. The Canadian and Ontario governments have committed funding to Vector. Additionally, more than 30 companies agreed to commit $80 million over 10 years. They included venture-backed startups, such as Clearpath, FreshBooks, Integrate.AI and Thalmic Labs, as well as investors, such as Georgian Partners.

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