Fresh off closing a $300 million venture fund with a buy-in from some of Canada’s biggest banks and financial institutions, John Ruffolo will be at the University of Toronto on Friday to talk about how developments in artificial intelligence, fintech and machine learning are rapidly disrupting traditional industries.
Ruffolo is the CEO of OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System pension fund. He's scheduled to deliver the keynote speech at the Funding Innovation Conference hosted by U of T’s Department of Computer Science Innovation Lab (DCSIL), one of 10 business accelerators on campus.
Learn more about the conference
U of T News spoke with Ruffolo about how Canada – and Toronto in particular – landed on the VC world’s radar, and how we can best take advantage of our leadership in AI, machine learning and other high-demand fields.
Lately there's been a lot of buzz about AI and machine learning, where U of T is leading research. What's your take on the future of this space?
Back in the ‘90s people asked, “Are you on the Web?” Now everyone’s on the Web. In the 2000s, the same thing happened with being "mobile-first." Now people are asking, “Are you using artificial intelligence?”
This is really about using computer-based processes and technology to replace repetitive human tasks. So it’s going to be pervasive. It will be in everything. It will be in every single business we’re going to invest in.
Read the Q&A at U of T News.