Toronto ‘quietly’ experiences massive tech boom: The New York Times

Researchers, entrepreneurs and workforce-prepared graduates from the College of Toronto and other publish-secondary institutions are playing a important purpose in fueling and sustaining Toronto’s technology boom, the New York Situations studies.

In a characteristic tale that explores the evolution of Toronto’s tech sector, the U.S. paper focuses on the evolution of thriving innovation ecosystem that has persuaded significant tech giants – from Microsoft to Amazon – to set up regional workplaces and vie for best talent along with scores of flourishing Canadian startups.

“Thanks to years of expense from regional universities, govt agencies and company leaders and Canada’s liberal immigration procedures, Toronto is now the third-premier tech hub in North The us,” technological innovation correspondent Cade Metz writes. “It is residence to far more tech staff than Chicago, Los Angeles, Seattle and Washington, D.C., trailing only New York and Silicon Valley, in accordance to CBRE, a true estate firm that tracks tech using the services of.

“Toronto’s tech operate force is also growing at a speedier clip than any hub in the United States.”

Discussions about the growth of Toronto’s tech scene inevitably reference the seminal contributions of U of T University Professor Emeritus Geoffrey Hinton, “whose investigation established in motion the latest increase in artificial intelligence,” notes the Instances. The article also highlights the role of a more youthful era of AI pioneers these kinds of as Professor Raquel Urtasun, founder of self-driving technologies startup Waabi, and Hinton protégés Aidan Gomez and Nick Frosst, co-founders of AI language processing startup Cohere.

The short article goes on to cite the Vector Institute for Synthetic Intelligence and the approaching Schwartz Reisman Innovation Campus – an AI and biotech hub made feasible by a $100-million reward from Gerald Schwartz and Heather Reisman – as examples of how institutions like U of T are nurturing Toronto’s thriving tech ecosystem.

Read through the story in The New York Situations

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