As president-elect Donald Trump looks to bring more jobs back to the U.S., he's also entering a race to use the world's best artificial intelligence, according to one executive.
"We're looking at a bunch of challenges, especially in the realm cybersecurity, where clearly this is a race to having the best technology," Jean-François Gagné, CEO of Element AI, told CNBC's "Squawk Alley" on Monday. "There's a lot of talk about re-shoring, and bringing back jobs. As you do that, you need to stay competitive. So you need to augment the workers, you need to prepare them, you need to provide them with better tools. And these are all areas where artificial intelligence can help a lot."
Element AI, a Montréal-based start-up that connects academic researchers and businesses using artificial intelligence, secured the first investment from a new fund by Microsoft Ventures, it announced on Monday.