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Waterloo AI is a joint venture of the university’s faculties of engineering and mathematics.
Legit, which uses AI to speed up the process of applying for patents and other intellectual propery protections, raised the funding from Eniac Ventures, with participation from others.
Membership in the Q network, which launched in 2017, will enable the startups to run experiments and algorithms on IBM’s quantum computers.
Adobe has released two new AI-powered tools that aim to help editors make changes to their video and audio projects more efficiently.
The company, which provides a platform that combines unified search, analytics, and machine learning to deliver relevant information across interactions on digital platforms, has expanded its R&D centres in Quebec City and Montreal to more than 200 developers and data scientists.
The funding was led by Shasta Ventures, with participation from existing investors Madrona Ventures and Amplify Partners, and new investors Two Sigma Ventures and Workday Ventures.
DeepScale, which provides deep learning perception software for use in mass-produced automated vehicles, raised the funding from Point72 and next47, with participation from existing investor Autotech Ventures and Trucks Venture Capital.
While focused on Toronto and the Waterloo Region, Canada overall was noted for having significant investments in FinTech and AI that have paid off.
RBC also took the top spot for companies hiring in AI.
COMMENTARY: How AI can prevent suicides in Canada (GLOBALNEWS)
The Canadian Biomarket Integration Network for Depression reviews promising applications of AI to suicide prevention, and draw attention to the barriers within this field.
Microsoft has launched two new courses in its online education program for developers: an entry-level software development class and an AI course for more advanced developers who want to expand their knowledge of machine learning.