Following on their growing support for artificial intelligence research at Canadian post-secondary institutions, Scotiabank announced on November 19 a $1.25M philanthropic donation to fund the Scotiabank Artificial Intelligence Research Initiative at the University of Alberta’s Department of Computing Science

Distributed across five years, the donation will enhance artificial intelligence research to understand and build practical tools and predictive models for fraud detection and speech to text in analytics. The investment also supports the growth and development of women in science, technology, engineering, and mathematics (STEM).

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