11:20:01 EDT Tue 07 May 2024
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Dye & Durham Ltd
Symbol DND
Shares Issued 66,887,879
Close 2024-04-09 C$ 16.31
Market Cap C$ 1,090,941,306
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Dye & Durham joins Ontario's AI hub as lead partner

2024-04-10 09:25 ET - News Release

Mr. Matthew Proud reports

DYE & DURHAM JOINS THE ONTARIO CHAMBER OF COMMERCE ARTIFICIAL INTELLIGENCE HUB

Dye & Durham Ltd. is joining the Ontario Chamber of Commerce's artificial-intelligence hub as a lead partner.

Launching today, the AI hub is an industry-academic collaboration to drive AI adoption among Ontario businesses -- and advance evidence-based policymaking from government.

"Dye & Durham is thrilled to join our esteemed partners in supporting the Ontario Chamber of Commerce's AI hub mandate of fostering meaningful conversation and action in driving adoption of AI and emerging technologies," said Matthew Proud, chief executive officer at Dye & Durham. "The use cases for AI in the legal tech sector are incredibly exciting, and Dye & Durham is eager to play a leading role in helping legal professionals responsibly harness the many benefits AI provides."

As a trusted partner of the government of Ontario for over 25 years, Dye & Durham recognizes the importance of collaborating closely with Queen's Park in developing policies that strengthen Ontario's position as a leader in AI and helps drive economic prosperity.

"The Ontario Chamber of Commerce plays an integral role in bringing business and government together on critical issues, and the AI hub provides the platform for advancing policy development through greater collaboration," said Dye & Durham's Morgan McLellan, vice-president of global communications. "It's not often that we get an opportunity to join like-minded stakeholders on an issue that will have profound and lasting economic consequences."

In an increasingly competitive global economy, it is imperative that business, academia and policymakers come together to chart a path forward to unleash Ontario's full AI potential.

"The adoption of AI poses opportunities and challenges, particularly for small- and medium-sized enterprises and those in highly regulated sectors," said Daniel Tisch, president and chief executive officer of the Ontario Chamber of Commerce. "To advance Ontario's competitive advantage, it is crucial that we create a road map to incentivize AI adoption, address skills gaps and reduce silos."

The AI hub has three core offerings: courses and training sessions to bridge the knowledge gap among businesses; policy development and advocacy to promote evidence-based decision-making; and events and networking to drive thought leadership and conversations about AI.

About Dye & Durham Ltd.

Dye & Durham provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions, and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia and South Africa.

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