On April 19, 2021, 
Canada’s Finance Minister Chrystia Freeland presented the first Candian federal budget since 2019 and laid open how Canada plans to set its annual economic agenda. It includes multi-million dollar investments to support national communities of research, homegrown talents, start-ups and scale-ups in the field of artificial intelligence (AI). As a concrete number, no less than CA$443.8 million over 10 years have been committed to deal with topics like the commercialisation of AI research, the recruiting of academic talent, Continue reading Canada Invests Millions in AI, Green Tech & Quantum
IIIM News
News about the institution, its research & recent advances
Open Seminar on Opportunities for AI in Auditing
Dr. Páll Ríkharðsson and Dr. Kristinn R. Thórisson recently presented the conclusions of their year-long analysis on the opportunities of using artificial intelligence (AI) in auditing. Titled Artificial Intelligence and Auditing in SMEs: Attitudes, Expectations and Applications, the hour-long seminar (see the whole recording here) was based on research by the Icelandic Institute for Intelligent Machines (IIIM) and Department of Business Administration at Reykjavik University (RU) for the Association of State Authorized Auditors, analyzing attitudes towards automation and AI, as well as 
threats and opportunities for its use in auditing. The report answers questions about the practical use of advanced machine learning and other technologies for speeding up, simplifying, reducing the cost of, and improving, standard operations of auditors across a wide range of companies.
Continue reading Open Seminar on Opportunities for AI in Auditing
Iceland Has a New AI Policy
In October of 2020, the Office of the Prime Minister of Iceland assembled a five-person committee tasked with authoring an AI policy for Iceland. Part of the process included soliciting comments from the public. In March IIIM submitted a 14-page report advising the committee on the subject. The committee has now delivered a final report that resulted from its work, which outlines policy suggestions. The Prime Minister plans to present the report to parliament later this month. Continue reading Iceland Has a New AI Policy
How Iceland Can Benefit from AI: IIIM Delivers Report to PM’s Committee on AI Policy
The Office of the Prime Minister of Iceland put together last year a committee to author an AI policy for Iceland. In preparation the document that is to be delivered by the committee later this spring, the committee has called for an open commentary from the general public. Earlier this week the Icelandic Institute for Intelligent Machines delivered a report on the Institute’s advice to the Prime Minister’s Office about Iceland and the 4th Industrial Revolution. The 14 page report includes answers to the committee’s questions that it specifically requested in commentary on, Continue reading How Iceland Can Benefit from AI: IIIM Delivers Report to PM’s Committee on AI Policy