Canada proposed $15 billion incentive to boost AI green data centre investment

Posted under: AI technologies
Date: 2024-12-13
Canada proposed $15 billion incentive to boost AI green data centre

According to a Globe and Mail story published Thursday, the Canadian federal government has contemplated offering up to $15 billion as a financial incentive to entice significant domestic pension funds to invest in AI data centers powered by renewable energy. OpenAI's ChatGPT and other artificial intelligence capabilities rely on electricity and chips. However, worldwide planning and electricity limits exist on a $1 trillion rush to create data centers.

Read more at: finance.yahoo.com

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Canada proposed $15 billion incentive to boost AI green data centre investment

Posted under: AI technologies
Date: 2024-12-13
Canada proposed $15 billion incentive to boost AI green data centre

According to a Globe and Mail story published Thursday, the Canadian federal government has contemplated offering up to $15 billion as a financial incentive to entice significant domestic pension funds to invest in AI data centers powered by renewable energy. OpenAI's ChatGPT and other artificial intelligence capabilities rely on electricity and chips. However, worldwide planning and electricity limits exist on a $1 trillion rush to create data centers.

Read more at: finance.yahoo.com
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