The Artificial Intelligence Institute at the University of Waterloo and Microsoft will soon be working together to solve some of the world's greatest challenges.
Their newly formed partnership was announced on Tuesday.
Microsoft says it's excited to partner with UW given its outstanding reputation for ground-breaking innovation.
"The greatest challenges facing society today cannot be solved without strong partnerships across industry and academia that bring together our world-renowned researchers with leading technology and expertise," University of Waterloo President, Feridun Hamdullahpur said in a release. "Artificial intelligence is going to change the world and we couldn't imagine a better partner than Microsoft as we produce the solutions that will actively benefit humankind."
A majority of the $300,000 investment from Microsoft will be directed towards "AI for Good" research projects.
Some of the research currently underway at the Artificial Intelligence Institute includes improving emotion discovery for autistic individuals, climate change projections, plus fall detection for the elderly.
Microsoft says AI is also driving the country's economy.
It's estimated close to $550 million in venture capital was invested in Canadian AI companies last year, which is an increase of approximately 50% from 2017.
The number of jobs in the field also ballooned by nearly 500% between June 2015 and June 2017.