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Market Chatter: U.S. Big Tech Holds 85% of Canadian Cloud Market, report says ahead of AI strategy

Three big U.S. tech companies control the vast majority of Canada's publicly-available cloud infrastructure, says a new report released ahead of the government's national AI strategy, which is expected to include measures targeting AI sovereignty, The Canadian Press is reporting Tuesday.Amazon, Microsoft and Google hold 85% of public cloud market share in Canada -- much higher than their global average of 66%, according to the report from the Canadian Anti-Monopoly Project released Tuesday.The federal government is set to release an AI strategy this week. It's expected to call for building a foundation for Canadian sovereign AI as one of its six pillars."AI for All will support the building of sovereign compute infrastructure at scale -- resilient, sustainable, and under Canadian governance, and grow Canada's exceptional AI researchers and talent pool," the government said in the spring economic statement.CBC reported Monday that in a draft version of the AI strategy, the government acknowledged that data centre and cloud options in Canada are mostly foreign-owned. It also said it will take significant investment to overcome reliance on foreign providers of compute capacity, CBC reported.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)