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Ada latest Canadian unicorn to make additional staff cuts (BETAKIT)
Ada did not respond to questions about the number of employees that have been let go from the company, stating only that it reduced “a portion” of its workforce. Ada’s CTO Jessica Popp posted to LinkedIn that she was let go as part of this round of cuts.
Google invests $300mn in artificial intelligence start-up Anthropic (FINANCIAL TIMES)
The deal involves Google taking a stake of about 10 percent in the startup and boosts Anthropic’s finances at a time when it is buying substantial computing resources from the search company’s cloud computing division.
Vector Institute, Communitech partner to expand AI training program across Canada (BETAKIT)
The partnership between the two organizations hopes to bolster AI expertise and application across the country as Canada grapples with a limited tech talent pool.
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Quantum computing star D-Wave faces cash crunch, investors say (THE GLOBE AND MAIL)
“They need a strategy to show they can pay their bills and how they’ll survive” and create shareholder value, said Daniel Wolfe, president of Montclair, N.J.-based 180 Degree Capital, owner of 911,938 D-Wave shares. “This company has a liquidity issue.”
Hippoc announces $3 million to help marketers test ad campaigns using neuroscience (BETAKIT)
The use of neuroscience in marketing communication is referred to as ‘neuromarketing.’ It collects cognitive data from consumers based on how they perceive advertisements. This tech segment has been around for a couple of decades, and is based on existing marketing content or simulations under research studies.
Why DeepMind Alberta won't be part of Google's AI future (THE LOGIC)
Though the search giant faces an 'existential threat' from OpenAI, the renowned Edmonton research lab is part of a wave of recent cuts. With AI-driven tools like ChatGPT threatening to upend its search business, Google's needs are suddenly more practical—and more urgent.
How to grow investment in women-led startups (BETAKIT)
Women are less likely to get funded and are woefully underrepresented in both the startup founder and venture capital (VC) ranks. However, we’re approaching what might later be called a tipping point.
China’s Baidu developing its own ChatGPT, joining global AI race (WALL STREET JOURNAL)
The company is developing an AI-powered chatbot similar to OpenAI’s popular ChatGPT and plans to integrate it into its main search engine in March, people familiar with the matter said.
CIBC Innovation Banking president Mark McQueen to depart for “next adventure” (BETAKIT)
When McQueen will be officially leaving CIBC, and who his successor might be, is unclear at this time. McQueen has been leading CIBC Innovation Banking since the bank acquired Wellington Financial in 2018.
ChatGPT hype is a bright spot in the tech slump. Whether AI’s new era can turn a profit is anyone’s guess (THE GLOBE AND MAIL)
While the underlying technology, known as a large language model (LLM), is not new, ChatGPT has captured the public’s imagination since its debut last November. Entrepreneurs and businesses, meanwhile, are racing to develop products and services powered by LLMs, such as writing aids, virtual assistants, chatbots and new approaches to internet search.
Invest Ottawa’s 10th birthday party comes with over $6.6 million in funding to support Area X.O (BETAKIT)
The federal funding comes alongside an additional $1.25 million of in-kind contributions in technology, expertise, and services from partners including Ansys, a US-based engineering simulation software company.
OpenAI launches ChatGPT Plus, starting at $20 per month (TECHCRUNCH)
The free ChatGPT tier is here to stay — it’s not going away. As for ChatGPT Plus, it’s only available to customers in the U.S. at the moment. OpenAI says it’ll begin the process of inviting people from its waitlist in the coming months and look to expand Plus to additional countries and regions “soon.”
Tenstorrent swaps CEOs as Apple, AMD, Intel alum takes helm of AI chip unicorn (BETAKIT)
Jim Keller, who first joined Tenstorrent as president and CTO two years ago, is shifting roles with CEO Ljubisa Bajic.
Whose art is this, really? Inside Canadian artists’ fight against AI (TORONTO STAR)
Visual artists’ work is being gathered online and used as fodder for computer imitations. When Toronto’s Sam Yang complained to an AI platform, he got an email he says was meant to taunt him.