I think because of the way the bill very broadly affects even lower-risk technology, it could impact research and innovation. It could dampen innovation and ultimately result in a reluctance among Canadian businesses, including small and medium-size businesses, to adopt AI and to feel confident that they can meet regulatory requirements in using AI for innovation. It could also ultimately impact the competitiveness of those businesses and of Canada.
On February 7th, 2024. See this statement in context.