Last week, Microsoft announced that they are acquiring Maluuba, a Montreal-based company startup which has one of the world’s most impressive deep learning research labs for natural language understanding. Earlier today in Davos, Switzerland, Microsoft President Brad Smith joined the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, Quebec Premier Philippe Couillard and Dominique Anglade, Quebec Minister of Economy, Science and Innovation to announce Microsoft’s plans to expand their presence in Montreal by doubling the size within the next two years of Maluuba.
As part of the investment, Microsoft will also provide gifts for AI research of $6 million to the Université de Montréal and $1 million to McGill University. Each gift will be funded over a five-year period.
“Microsoft is excited to engage with faculties, students and the broader tech community in Montreal, which is becoming a global hub for AI research and innovation,” said Brad Smith, President of Microsoft. “Today’s news, along with the opening of Microsoft Vancouver and our ongoing work to create a new Cascadia Innovation Corridor connecting Vancouver and Seattle, reinforces the important role that Canada plays in Microsoft’s global business.”
“Microsoft’s investment is proof of Canadians’ world-renowned expertise in artificial intelligence and machine learning. This emerging field of research has the potential to revolutionize computing by transforming vast amounts of information into useful insights. The future of every industry, from finance and health to manufacturing and transportation, will be shaped by advances in artificial intelligence. And research conducted in Canada will play a defining role in developing this enabling technology, which will create better jobs and opportunities for Canadians, said Bains, Canada’s Minister of Innovation, Science and Economic Development.