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Silicon Valley Looks North as Tech Giants Expand in Toronto


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Part of Toronto's skyline.

U.S. technology firms are hiring an increasing number of employees in Toronto, Canada.

Credit: tacdn.com

U.S. technology firms are hiring more employees in Toronto, Canada, drawn by a talented workforce, a diverse population, and labor and cultural properties that closely resemble those of major U.S. cities like San Francisco and Chicago.

Additional perceived benefits include lower labor costs in Toronto, and circumvention of strict immigration rules that complicate hiring foreign employees in the U.S.

Canadian critics are concerned about American businesses poaching domestic intellectual assets and crowding out Canadian companies.

Former BlackBerry CEO Jim Balsillie warned Canada is losing out on the benefits of recent advancements in artificial intelligence, voice- and image-recognition, and autonomous vehicles, as they are employed by foreign companies that own the intellectual property.

Privacy issues also are a source of worry, with a proposal by Google affiliate Sidewalk Labs to build a city "from the Internet up" in Toronto provoking anxiety about sensor-based data collection.

From The Wall Street Journal
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Abstracts Copyright © 2019 SmithBucklin, Washington, DC, USA


 

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