💡 Canada's $2B investment

Plus: Microsoft new AI office

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Hey Edge Family, good morning! Canada just made a massive investment in the AI industry.

The Breakdown

🚨 Latest Developments 

Source: Reuters

Big Takeaway: Canadian Prime Minister Justin Trudeau announced a C$2.4 billion ($1.77 billion) investment in the country's AI sector as part of the upcoming budget, which will be revealed on April 16.

  • Canada's focus on AI reflects its ambition to be a leader in the field, building on its position as the first country to establish a national AI strategy in 2017.

  • A major part of this investment, $1.5 billion, is designated for building and providing access to computing capabilities and technological infrastructure for AI entities in Canada.

  • He stressed the importance of AI investment for attracting foreign investment and boosting economic growth, amid concerns over expanding budget deficits.

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Source: BBC

Big Takeaway: Microsoft's new consumer AI division is setting up its headquarters in London, led by Jordan Hoffman, a former AI scientist and engineer from Inflection AI, which Microsoft invested in last year.

  • The division is overseen by Mustafa Suleyman, co-founder of Inflection AI and Google DeepMind.

  • Mustafa Suleyman, Microsoft's AI chief, highlighted the UK's pool of AI talent as a reason for the investment, indicating a significant, long-term commitment to the UK.

  • The team for the London division will be built up in the coming weeks and months, focusing on hiring innovative AI professionals to work alongside Jordan Hoffman at Microsoft’s Paddington office.

🔎 Extra Insights 

Elon Musk predicted that, at the very least, by 2026, artificial general intelligence (AGI) smarter than the smartest human will likely exist. In an interview, he expects Grok 2 to be trained by May using around 20,000 Nvidia H100 GPUs, while future versions will require 100,000 of those chips.

Zhiji is an AI-powered weather forecaster that can produce incredibly accurate five-day regional weather predictions down to two miles of detail. It was developed by the same team that created China's Pangu-Weather AI model. (Demo video)

Google is upgrading the AI assistant in Android Studio, called Studio Bot, with its latest large language model, Gemini Pro. The upgrade is rolling out for Android Studio's Jellyfish version in over 180 countries.

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