Canada proposed $15 billion incentive to boost AI green data centre investment, Globe and Mail reports

Canada proposed $15 billion incentive to boost AI green data centre investment, Globe and Mail reports

The Star Online - Tech·2024-12-13 11:01

(Reuters) - Canada's federal government has considered making up to $15 billion available as an incentive to encourage major domestic pension funds to invest in AI data centres powered by green energy, the Globe and Mail reported on Thursday.

Ottawa floated the proposal in private consultation with pension funds as part of a suite of potential measures in consideration to be included in its fall economic statement, the report added citing sources with knowledge of the discussions.

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