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The Canadian federal government has announced a landmark $2.4 billion investment package aimed at securing the nation's position as a global leader in artificial intelligence. The funding, a cornerstone of the upcoming federal budget, will primarily establish a $2 billion AI Compute Access Fund to provide crucial computational power for researchers and startups. The package also includes initiatives to foster AI adoption in key industries, create a sovereign AI consortium, and establish an AI Safety Institute, signaling a comprehensive strategy to harness AI's economic potential while managing its risks.