New economy is an engine of growth, Vector co-founder says

This January, U of T joined business and thought leaders at the Canada 360° Economic Summit, hosted by the Canadian Chamber of Commerce.

U of T participated in a debate on the fundamental differences between the New Economy versus Old Economy. Tomi Poutanen Chief AI Officer, TD and co-founder of the Vector Institute at U of T, argued that the new economy is dramatically different than the old economy because technology can drive exponential economic growth. The University of Toronto is a powerhouse of machine learning, artificial intelligence and advanced manufacturing in Canada. U of T is home to the Vector Institute, a public-private collaboration among our provincial and federal governments, the University of Toronto and industry partners. 

The event also featured a fireside chat with Navdeep Bains, Federal Minister of Innovation, Science and Industry, and speeches from Ontario Premier Doug Ford, and Andrew Scheer, Leader of the Progressive Conservative Party of Canada.

From left to right (Andrew Bell, BNN Bloomberg host of Commodities, Peter Tertzakian, Executive Director of the ARC Energy Research Institute, Chief Economist and Managing Director at ARC Financial Corporation, Tomi Poutanen, TD’s Chief AI Officer, Co-Founder of the Vector Institute, and Layer 6)