Toronto is experiencing a “quiet” massive technology boom: The New York Times

Researchers, entrepreneurs, and ready-to-work graduates at the University of Toronto and other higher education institutions play a key role in driving and sustaining the Toronto technology boom, according to the New York Times. ..

In a featured article exploring the evolution of Toronto’s technology sector, a U.S. paper sets up a local office for big tech giants from Microsoft to Amazon, competing for top talent with a number of thriving Canadian startups. Focuses on the evolution of a thriving innovation ecosystem that has been persuaded.

Thanks to years of investment from local universities, government agencies, business leaders and Canada’s liberal immigration policy, Toronto is now the third largest technology hub in North America, technical correspondent Cade Mets wrote. .. Angeles, Seattle and Washington DC are chasing only New York and Silicon Valley, according to CBRE, a real estate company tracking technology adoption.

Toronto’s tech workforce is also growing at the fastest pace of any hub in the United States.

The discussion of the growth of the technology scene in Toronto inevitably refers to the creative contribution of Professor Emeritus Geoffrey Hinton of T University, who initiated the research that triggered the recent boom in artificial intelligence. This article also focuses on the role of AI in the younger generation. Pioneers such as Professor Raquel Urtasun, founder of self-driving technology startup Waabi, and co-founders of AI language processing startup Cohere, Aidan Gomez and Nick Frosst.

In this article, an example of how an institution like the U of T grows Toronto is possible with the Vector Institute for Artificial Intelligence and a $ 100 million gift from Gerald Schwartz and Heather Leedsman. It cites the Schwartz Riceman Innovation Campus, the hub of AI and biotechnology that has become. A thriving technology ecosystem.

Read the story of the New York Times

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