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TORONTO — The co-founders of two of Canada’s top artificial intelligence firms say companies in the country are buzzing with excitement around the technology but turning that enthusiasm into products and tools takes too long. Nick Frosst, co-founder of Toronto-based enterprise AI business Cohere, says the pipeline to get AI from an idea to implementation is lengthy. “A lot of the times when I start to deal with a Canadian company, they say, ‘We’ve got to get an AI strategy. We’ve got to build AI,”‘ Frosst said at the University of Waterloo’s Tech Horizons Executive Forum in Toronto on Tuesday. “Then, it takes a long time to get from some high-level room that says we need this thing to an actual implementation that’s sitting in production, saving their employees time or ... delighting their users.” Nicole Janssen, the co-founder of Edmonton-based AI firm AltaML, has had a similar experience. She estimates it takes 18 months for companies reaching out to her business to commit to using AI and then another 18 months to start doing something with it. “Then people get tired of this thing that’s not giving them a return on the investment and it falls to the wayside,” she said. Tech leaders have long lamented the slow rate of adoption for their products in Canada, especially when compared to the U.S. Some have blamed the pace on a lack of funding, while others have said it’s a matter of culture. Frosst said it’s hard to narrow down what’s hampering the rate of adoption. Culture could be part of it, but he said, “I want to be clear that I don’t necessarily think that cultural thing is bad.” “Some of the things that I really like about Canada is that we’re slow and a little conscientious,” he said. “But it also has downsides and one of the downsides is five quarters of real GDP per capita decrease.” Those GDP declines have sparked a discussion about whether Canada is facing a crisis in productivity because it is lagging behind the U.S. and many other Nordic nations. Frosst estimates large language models — the underpinning of AI, which use massive data sets to recognize, translate, predict or generate text and other content — could make a big dent in Canada’s productivity woes. He said LLMs alone will “augment” about 20 per cent of knowledge-based jobs, which include teachers, doctors, financial analysts and marketing consultants. But to ensure LLMs and AI are “an absolutely massive opportunity” for Canada, Frosst said the country must not squander the foundations that have been laid for it. Canada, for example, has long been known as a hotbed of AI innovation because of its focus on AI research and talent development. Much of that work has happened through the Vector Institute and Mila, AI organizations based in Toronto and Montreal, respectively, which AI pioneers Geoffrey Hinton and Yoshua Bengio are deeply involved in. Cohere has received funding from Hinton, who recently won a Nobel prize, and Frosst was one of his proteges. “Some of the best minds are still here, some of the best institutes ... are here, but we have fallen behind in adoption,” Frosst said. At the same time, every other nation is gaining ground. “It’s kind of table stakes at this stage,” he said. “America is doing it, the whole world is figuring out how to increase productivity with large language models, and although that technology came from here, we’ve been a little delayed in adopting it.” To reverse the problem, Janssen urged business leaders to get moving — and quickly. “Don’t ask the question, ‘What am I going do with AI?’ but, ‘What am I going to do with AI by the end of the year?”‘ she said. “Because if we don’t get started, we are going to fall behind and our productivity challenges are going to be so much more.” This report by The Canadian Press was first published Nov. 26, 2024.Tesla ( TSLA 3.23% ) stock is climbing in Thursday's trading. The electric vehicle ( EV ) company's share price was up 3.7% as of 2:30 p.m. ET. Tesla stock is gaining ground today following bullish coverage from Bank of America analyst John Murphy. The analyst raised the bank's one-year price target on the stock from $350 per share to $400 per share, which suggests additional pricing upside of roughly 8.5% as of this writing. Bank of America gets more bullish on Tesla Before the market opened this morning, Murphy published a note reiterating a buy rating on Tesla and raising his one-year price target on the stock from $350 per share to $400 per share. Murphy's buy rating and price target increase comes on the heels of a recent tour of Tesla's Texas Gigafactory and meetings with investor relations officials. Murphy thinks Tesla has a strong outlook heading into 2025 and that its robataxi launch, robotics projects, full self-driving software, and margin improvements for the core business could be positive catalysts for the stock. What comes next for Tesla stock? Tesla stock has been red hot lately, rocketing 53% higher over the last month. The EV leader's share price has gained ground thanks to excitement about CEO Elon Musk's relationship with the incoming Trump administration and the anticipation of potential macroeconomic catalysts including cuts for interest rates and corporate taxes. Investors are also betting that Tesla could benefit from other political and macroeconomic developments. Some investors and analysts expect that the Trump administration will wind up removing rebate credits and tax incentives that promote the sale of electric vehicles. While such a move would likely reduce demand in the overall EV space, it could have the effect of improving Tesla's competitive positioning because it will make it more difficult for smaller rivals to scale their business in a cost-effective fashion. The imposition of high tariffs on imported Chinese EVs could also help to minimize a major competitive risk for Tesla.None

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NoneIowa cornerback Jermari Harris has opted out of the remainder of the 2024 season in order to prepare for the NFL draft, according to a report by 247Sports.com . The 6-foot-1 sixth-year senior from Chicago has recorded 27 tackles, three interceptions and a team-high seven pass breakups in 10 games for the Hawkeyes this season. That includes a pick-6 in a 38-21 win over Troy earlier this season. Iowa (6-4, 4-3 Big Ten) plays at Maryland on Saturday before closing out its regular season at home against Nebraska on Nov. 29. The Hawkeyes are already bowl eligible, so Harris is likely opting out of three games in total. After missing the entire 2022 season due to an ankle injury, Harris was suspended for two games of the following season for his involvement in the gambling investigation into Iowa athletics. He later emerged as the Hawkeyes' top cornerback, earning the team's comeback player of the year award after compiling 42 tackles, one interception and eight pass breakups. Harris will finish his college career with 105 tackles and eight interceptions. --Field Level MediaCNBC Daily Open: Inflation and dot plots{ "@context": "https://schema.org", "@type": "NewsArticle", "dateCreated": "2024-11-27T00:57:13+02:00", "datePublished": "2024-11-27T00:57:13+02:00", "dateModified": "2024-11-27T00:57:12+02:00", "url": "https://www.newtimes.co.rw/article/22139/sports/football/have-robertinhos-rayon-proven-their-title-credentials-yet", "headline": "Have Robertinho’s Rayon proven their title credentials yet?", "description": "We are not afraid of any team currently, we are in top form, if you bring Real Madrid, we can play against them. These were the words of Rayon Sports...", "keywords": "Rwanda Premier League,Rayon sports,Robertinho Oliveira", "inLanguage": "en", "mainEntityOfPage":{ "@type": "WebPage", "@id": "https://www.newtimes.co.rw/article/22139/sports/football/have-robertinhos-rayon-proven-their-title-credentials-yet" }, "thumbnailUrl": "https://www.newtimes.co.rw/thenewtimes/uploads/images/2024/11/27/64905.jpeg", "image": { "@type": "ImageObject", "url": "https://www.newtimes.co.rw/thenewtimes/uploads/images/2024/11/27/64905.jpeg" }, "articleBody": "We are not afraid of any team currently, we are in top form, if you bring Real Madrid, we can play against them. These were the words of Rayon Sports head coach Robertinho Oliveira after his team thrashed traditional rivals Kiyovu Sports 4-0 in a Rwanda Premier League week 8 game This is a clear assertion by a coach who is full of confidence and who believes in what his charges can do. ALSO READ: Iragire nets late equalizer as 10-man Amagaju upset Rayon Sports Second comings are always dangerous especially in football. Jo Bonfrere's second coming to coach Nigeria ended in a mess, Bukhard Ziese and Kwesi Appiah were not successful in their second spells coaching Ghana, even at club level, Jose Mourinho's second stint at Chelsea didn't end well. Several others can be mentioned as examples. ALSO READ: Bbaale's second half strike powers Rayon at the top For the case of Rayon Sports, few people gave Robertinho the chance to have a good start in his second spell at the club. This is a league which has, for over the past half-decade been dominated by the Blues’ closest rivals APR FC. The last time Rayon won the title was during the 2018/2019 season when the Brazilian coach was at the helm. Robertinho’s first stint at Rayon, which dates back June 19, 2018, was a great one, one that brought history to the club where he propelled them to the CAF Confederation Cup quarter finals. After leaving Rayon, Robertinho coached Gor Mahia, Vipers and Simba before returning to the Blues in June this year. He made history by qualifying Vipers to the Group stages of the CAF Champions League for the first time in their history in 2022. Rayon, prior to re-appointing their former coach in July, had been far from convincing in the domestic league since his departure. They finished as runners-up in the 2019-2020 season, 4th in the 2021-season, 3rd in the 2022/23 season, and again runners-up in the 2023/24 season. The run has been nothing but a total disappointment which has visibly felt by supporters who often voiced their frustration, calling for club management to step down as long as they can’t deliver the title which APR have won during the past five straight seasons. It is early days of the 2024/25 season yet but there seems to be light at the end of the tunnel. Rayon started the season with two consecutive draws against minnows Marines and Amagaju. Many people raised question marks about Robertinho's tactics but he quickly bounced back and got the team up and running, winning 7 games in a row. Robertinho’s side now sits at the top of the league table with 23 points from the 9 games they have played. Some of the Rayon Sports players are already brimming with confidence and they are optimistic they have what it takes to win the league title. It is possible we can win the league. We are on course and we have to continue winning our games, Hadji Iraguha told the press after scoring twice in their 4-0 win over Kiyovu. What has worked for Robertinho so far? Rayon's attack marshaled around Senegalese striker Fall Ngagne is on fire, the lanky forward has netted four goals so far in 10 games for the Blues. Fall is so dynamic and, though he plays number 9 role on paper, he commutes between 9 and 10. This gives skipper Kevin Muhire a free role to operate. Muhire has provided a whopping 6 assists in 9 games so far this season. Again, Rayon's acquisition of Richard Ndayishimiye has been a plus for the team; he is a box-to-box midfielder full of energy and he perfectly gets the defensive duties in midfield. Moreover, the partnership between defensive partners Youssou Diagne and Aimable Nsabimana, which struggled in the first two games, is finally clicking. Now, the duo plays with so much telepathic understanding and they complement the work of each other. Will Robertinho pass APR test? Despite Rayon's bright start to the league, which has seen them winning 7 games and drawing twice in 9 games, people still feel they haven't faced their biggest test yet. The Blues have a rescheduled match day 3 league game with defending champions APR at Amahoro Stadium on December 7 and this game will be the major litmus test for Robertinho to show his title winning credentials. Games between the two teams can make and unmake a coach and Robertinho is fully aware of that. You either become a hero or a villain in games between Rayon and APR as a coach. Robertinho played APR twice in the league games during his first stint in 2018. On December 12, 2018, he lost 2-1 at the hands of APR despite playing with a man down. When the two teams met in the return round on April 4, 2019, Rayon Sports the army side 1-0 courtesy of a late Michael Sarpong penalty. At least, Robertinho knows the atmosphere of the derby games and what it entails in Rwandans. This game will prove whether he is really in to wrestle the title from APR or he is just flattering to deceive. In the nutshell, credit must be given to Robertinho though it is early days yet. He has at least built a winsome team at Rayon in just some few months since he arrived.", "author": { "@type": "Person", "name": "Edmund Okai Gyimah" }, "publisher": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/", "sameAs": ["https://www.facebook.com/TheNewTimesRwanda/","https://twitter.com/NewTimesRwanda","https://www.youtube.com/channel/UCuZbZj6DF9zWXpdZVceDZkg"], "logo": { "@type": "ImageObject", "url": "/theme_newtimes/images/logo.png", "width": 270, "height": 57 } }, "copyrightHolder": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/" } }