Canada Proposes $15 Billion Incentive to Boost AI Green Data Center Investments

According to reports, the Canadian federal government is considering providing incentives of up to $15 billion to encourage large local pension funds to invest in artificial intelligence data centers powered by green energy. The report mentions that, citing knowledgeable sources about the discussions, Ottawa has held private consultations with pension funds as part of a series of potential measures being considered for inclusion in the fall economic statement. AI tools, like OpenAI's ChatGPT, are dependent on chips and energy. However, the $1 trillion rush to build data centers is facing planning and energy constraints globally.