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Alberta’s blossoming artificial intelligence scene has been given another financial boost with a new $1.6-million agreement between Servus Credit Union and the University of Alberta.

The five-year funding deal will support research projects in data science, artificial intelligence, machine learning, natural language processing and related areas, the university said Monday.

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The money will also help fund joint research projects and the creation of a new industrial research chair.

This is the latest agreement to help position the university and the city as a world-class artificial intelligence research hub.

In July, Google’s artificial intelligence research division DeepMind announced it was setting up its first international AI research lab in downtown Edmonton.

The lab will operate in partnership with the U of A.