University of Waterloo launches AI Institute

Areas of research will include statistical learning, deep learning, game theory and data science. The institute will study AI’s potential impact on health care, environmental protection, urban planning, manufacturing, autonomous systems and human-machine interaction.

“The launch of Waterloo AI enhances Canada’s leadership in foundational and operational AI as it brings together world renowned researchers with industry to accelerate innovation and prepare for future disruptions,” said Feridun Hamdullahpur, president and vice-chancellor of Waterloo, in a statement. “By connecting research talent with industry expertise, Waterloo AI will identify problems and produce solutions that will actively benefit our society.”

“Artificial intelligence is estimated to contribute up to $15.7 trillion per year to the global economy by 2030; if properly leveraged AI will promote innovation, grow the economy and create thousands of middle-class jobs,” added Navdeep Bains, Minister of Innovation, Science and Economic Development.

The institute’s sponsors include General Motors Canada, Huawei Technologies, Loblaw Companies, Nutrien, Shopify, Borealis AI, Magna International, Miovision Technologies, NexJ Systems and Scribendi.