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The federal government has announced a new $500 million fund, the Canadian AI Adoption Initiative (CAAII), aimed at helping small and medium-sized enterprises (SMEs) integrate artificial intelligence technologies. Managed by Innovation, Science and Economic Development Canada (ISED), the five-year program will provide grants and expert support to enhance productivity, innovation, and global competitiveness. This initiative is a key component of Canada's broader strategy to ensure the benefits of AI are realized across all sectors of the economy, addressing common barriers for SMEs like high costs and lack of expertise.