The Vector Institute released its fourth annual Ontario AI Snapshot, produced in partnership with Deloitte Canada. The research indicates that the province’s AI sector has grown significantly, cementing Ontario’s position as a leading global AI hub.  Buoyed by its remarkable concentration of AI talent, the sector is attracting major investments and creating well-paying AI jobs that directly support economic growth.

The data specifically indicates that:

• In 2024-25, Ontario’s AI job market underwent a significant shift, with 17,196 jobs created (+101%) and 39,327 jobs (+8%) retained, driven by growing demand for AI professionals and the expansion of AI initiatives. The job creation and job retention numbers show healthy recovery from last year’s job losses, as many displaced professionals were reabsorbed into other hiring AI companies.
• There were 5,605 well-paying positions (+26%) filled by highly qualified professionals from AI-related academic programs, which confirms that Ontario continues to excel at AI talent growth.
• 70 new AI companies were established in Ontario (+312%), and 27 companies relocated to Ontario (+93%), which suggests Ontario remains an attractive investment destination, with Toronto leading the country in the number of AI startups (50 Toronto-based AI start-ups).
• 413 companies invested a total of $2.6 billion CAD in Ontario-based AI companies–an 8% and 69% increase, respectively.
• The Ontario AI sector continues to attract more VC funding ($2.6B) than several other sectors combined e.g., energy ($209M), manufacturing ($111M), financial services ($540M), and agriculture ($19M).
• An estimated $1028M was spent on AI R&D in Ontario, which is an 18% increase compared to the previous year. This data aligns with the country’s global positioning in R&D expenditure, which has been in decline [compared to other G7 countries].
• Only half (51%) of companies currently leveraging AI have organization-wide AI strategies implemented or in development, which is unchanged since 2020.

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Covering the period from April 1, 2024 to March 31, 2025, the latest Ontario AI Snapshot tracks 10 metrics, which include AI job creation, investment and commercialization. These metrics serve as benchmarks for measuring the collective progress of governments, businesses, and institutions in strengthening Ontario’s AI ecosystem. Further data on the growth of the Ontario AI ecosystem is included in this year’s version of the Snapshot.

The research is based on a combination of business executive surveys (185 executive survey responses), and market insights from industrial and public databases.