Sunday, July 14, 2024

Quantiphi and Opportunities New Brunswick Meet Surging AI Demand with Canadian Expansion

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Quantiphi’s expansion, supported by Opportunities New Brunswick (ONB) is expected to contribute up to $72 million to the provincial GDP over the next five years.

Quantiphi, an award-winning AI-first digital engineering company announced it has established a center of excellence in New Brunswick, Canada to meet the growing demand for AI and generative AI enterprise solutions through ONB support.

Quantiphi Co-Founder Asif Hasan said establishing the New Brunswick delivery center marks a significant milestone in the company’s expansion strategy to support the demand for AI, generative AI and machine learning solutions for enterprises.

“Leveraging the talent and technical expertise in New Brunswick will bolster our enterprise service offerings and fuel ongoing innovation,” Hasan said. “The global AI market, valued at $140 billion in 2022, is projected to exceed $400 billion by 2027. With a projected 40 percent increase in demand for AI and machine learning specialists over the next five years, Quantiphi is well positioned to drive this momentum forward, backed by more than a decade of AI market leadership.”

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Quantiphi Atlantic Canada Delivery Head Greg Phillips said Quantiphi is hiring for numerous roles across the region and he’s excited to watch Quantiphi deliver even more cutting-edge generative AI solutions through the expansion.

“We’re augmenting our delivery operations to support our business units through a ‘New-Brunswick-first’ recruitment approach, prioritizing local talent and also establishing teams through existing Quantiphi employee relocation,” Phillips said.

ONB will provide financial assistance of up to $4.9 million to support Quantiphi’s Canadian expansion in New Brunswick through 2028.

Post-secondary Education, Training and Labour Minister Greg Turner, who is also responsible for ONB, said he is excited about Quantiphi’s growth in New Brunswick and the opportunities it will create.

“Quantiphi’s commitment to its AI-first strategy and North American growth will further establish New Brunswick as a key player in the AI and tech sectors,” Turner said. “We are pleased to see that Quantiphi recognizes the benefits of developing their technology right here in New Brunswick.”

Source: PRNewswire

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