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CDPQ creates C$250M AI-focused fund

Caisse de dépôt et placement du Québec formed a C$250 million fund dedicated to artificial intelligence-focused businesses in Quebec.

The CDPQ–AI fund will target to accelerate the growth of businesses, whose offerings are based on the development of artificial intelligence. The fund will also aim to quicken the commercialization of artificial intelligent solutions.

The fund is managed by CDPQ'S venture capital and technology team.