Thank you, Lloyd, for your work in this area.
I actually would like to thank all of the committee for being down in Washington, D.C., two weeks ago. Thank you for being there to recognize and celebrate Dr. Art McDonald, and thank you for the important meetings you had down there.
I'm going to use artificial intelligence as a way to highlight the shift from fundamental research through to applied and on to commercialization. Canada really is a world leader when it comes to artificial intelligence. I think of people like Geoffrey Hinton and Yoshua Bengio, and we have these incredible areas from Toronto to Waterloo, the hub in Montreal, and out in Edmonton. Our talent and our ideas are in high demand around the world. We want to make sure that the activity stays here in Canada.
In this budget 2017, we're investing $125 million in artificial intelligence to create a pan-Canadian artificial intelligence strategy, and we know that with these research hubs—and, Frank, I think of you in Montreal. Montreal has the Canada first research excellence fund, and part of that funding went to artificial intelligence in Montreal.
I will just remind the committee that we had a $900-million investment in artificial intelligence in September. The idea is that if we create these research hubs, we know that companies will be attracted. We also know there will be applied research and that we will get commercialization.