I actually believe that patents aren't the only measure of the value in our AI ecosystem. In fact, I believe that talent is one of the strongest measures of the strength and the value of our AI ecosystem.
Patents, absolutely, are important, particularly for start-up companies that are trying to protect their intellectual property. However, much of the AI that's developed is actually released into the public domain; it's open-sourced. We derive really significant value and really innovative new products and services that are based on AI through the very highly skilled people who come together with the right resources, the right expertise, the right collaborators and the right funding to actually develop new innovations that are based on AI.
Patents are one measure, but they're not the only one, so I think that we need to take a broader view on that.
When we look at where Canada stands internationally, it's true that AI is on a very competitive global platform and stage right now. One index is called the global AI index. For many years, Canada sat fourth in the world, which is not bad for a small economy relative to some of the other players there. However, we are slipping on that index. Just this year, we slipped from fourth to fifth position, and when you look deeply into the details of where we're losing ground on AI, you see that much of it is coming because of the lack of investment in AI infrastructure. Other countries are making significant pledges, significant commitments and significant investments in building and advancing AI infrastructure, and Canada has not kept pace with that.
In the most recent index, we actually dropped from 15th to 23rd in the world on AI infrastructure, and that affects our global competitiveness.