AI adoption, ad spending doubles among Canadian businesses: report
BNN Bloomberg
A new report suggests 32 per cent of Canada's small to medium-sized businesses (SMBs) have subscribed to ChatGPT to simplify their operations, more than double compared to a year ago.
The Canadian Business Spending Trends report from the business financial services company Float, found 14 per cent of Canadian SMBs had a subscription in the first quarter of 2023, but that figure had jumped to 32 per cent a year later.
Rob Khazzam, CEO and co-founder of Float, called the level of artificial intelligence adoption “encouraging.”
“It's a promising leading indicator of Canadian businesses generating more value through investments in innovation and tools that reduce manual employee tasks in favour of more high-impact work," he wrote in the report released Monday.
