Toronto ‘quietly’ experiences massive tech boom: The New York Times

Toronto ‘quietly’ experiences massive tech boom: The New York Times

Researchers, business people and workforce-prepared graduates from the University of Toronto and other article-secondary institutions are enjoying a important purpose in fueling and sustaining Toronto’s engineering boom, the New York Moments reviews.

In a aspect story that explores the evolution of Toronto’s tech sector, the U.S. paper focuses on the evolution of thriving innovation ecosystem that has convinced large tech giants – from Microsoft to Amazon – to established up neighborhood workplaces and vie for top rated talent alongside scores of flourishing Canadian startups.

“Thanks to several years of investment from nearby universities, government agencies and small business leaders and Canada’s liberal immigration policies, Toronto is now the third-most significant tech hub in North The united states,” technologies correspondent Cade Metz writes. “It is household to more tech employees than Chicago, Los Angeles, Seattle and Washington, D.C., trailing only New York and Silicon Valley, in accordance to CBRE, a authentic estate organization that tracks tech hiring.

“Toronto’s tech function pressure is also developing at a a lot quicker clip than any hub in the United States.”

Conversations about the growth of Toronto’s tech scene inevitably reference the seminal contributions of U of T University Professor Emeritus Geoffrey Hinton, “whose analysis set in movement the recent increase in artificial intelligence,” notes the Times. The article also highlights the part of a more youthful era of AI pioneers these as Professor Raquel Urtasun, founder of self-driving know-how startup Waabi, and Hinton protégés Aidan Gomez and Nick Frosst, co-founders of AI language processing startup Cohere.

The article goes on to cite the Vector Institute for Artificial Intelligence and the impending Schwartz Reisman Innovation Campus – an AI and biotech hub manufactured feasible by a $100-million gift from Gerald Schwartz and Heather Reisman – as examples of how institutions like U of T are nurturing Toronto’s flourishing tech ecosystem.

Study the story in The New York Instances