Uber Announces $200 Million Investment and Toronto Expansion
On September 13, 2018, Uber CEO Dara Khosrowshahi visited the MaRS Discovery District in Toronto during his first trip to Canada. During this visit, he announced a significant expansion plan for the company, involving a $200 million investment over the next five years. This capital injection aims to establish a new software engineering hub in Toronto, which is expected to create more than 500 jobs. Uber, a platinum sponsor of the Vector Institute for Artificial Intelligence, had previously recognized the region's potential by opening its Toronto Advanced Technologies Group research lab in May 2017. The lab is led by Raquel Urtasun, a University of Toronto professor and Vector Institute co-founder. Dr. Garth Gibson, President and CEO of the Vector Institute, welcomed the announcement, highlighting it as further evidence that global companies view Toronto and Canada as premier centers for artificial intelligence research and development. This move marks the fourth major AI-related expansion announced in Toronto that week, underscoring the city's growing status in the global tech ecosystem.
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Uber Announces $200 Million Investment and Toronto Expansion
On September 13, 2018, Uber CEO Dara Khosrowshahi visited the MaRS Discovery District in Toronto during his first trip to Canada. During this visit, he announced a significant expansion plan for the company, involving a $200 million investment over the next five years. This capital injection aims to establish a new software engineering hub in Toronto, which is expected to create more than 500 jobs. Uber, a platinum sponsor of the Vector Institute for Artificial Intelligence, had previously recognized the region's potential by opening its Toronto Advanced Technologies Group research lab in May 2017. The lab is led by Raquel Urtasun, a University of Toronto professor and Vector Institute co-founder. Dr. Garth Gibson, President and CEO of the Vector Institute, welcomed the announcement, highlighting it as further evidence that global companies view Toronto and Canada as premier centers for artificial intelligence research and development. This move marks the fourth major AI-related expansion announced in Toronto that week, underscoring the city's growing status in the global tech ecosystem.
Vector Institute for Artificial Intelligence