This study examines opportunities for Canada to utilize current strengths in Artificial Intelligence (AI) to attract high-quality foreign direct investment (FDI). To lay the necessary groundwork, this research provides an overview of recent AI activities and developments, both in Canada and other global AI hubs, including the United States and Europe. It highlights examples of AI applications across sectors such as digital technology, agriculture, life sciences and others. Through in-depth analysis of key informant interviews (KIIs) with industry leaders from over eight countries and seven sector verticals, this study unravels core business needs filled by AI, international knowledge of Canadian advancements in the space, and perceptions of Canada as
a destination for AI-based investment. Combined, this study sheds light on how potential investors from around the world view Canada’s presence in AI research, commercialization, as well as the opportunities and barriers to continued growth.
This study includes a
