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Government picks American-based Honeywell to test quantum encryption in space(BETAKIT)
The Canadian Space Agency (CSA) has signed a $30 million deal with American multinational Honeywell for the design and implementation of a quantum encryption satellite mission in space.
Microsoft Power Platform update aims to put AI in reach of business users(TECHCRUNCH)
If vendors can truly abstract away the complexity of difficult tasks like building machine learning models, it could help mainstream technologies that are currently out of reach of most business users.
MindBridge receives $14.5 million SIF funding to support $140 million AI project(BETAKIT)
SIF is supporting MindBridge’s $140.8 million project, developing a “first of a kind” software tool.
How a century-old tech giant is making a comeback with AI(TECHNOLOGYREVIEW)
IBM is betting that collaboration with universities and other corporations can help it recover its powerhouse status.
RealityEngines.AI raises $5.25 million seed round to make ML easier for enterprises(TECHCRUNCH)
RealityEngines.AI, a research startup that wants to help enterprises make better use of AI, even when they only have incomplete data, announced it has raised a $5.25 million seed round.
Gaming software company Unity expanding Montreal office, opening AI Lab(BETAKIT)
Unity’s Montreal office expansion is expected to create 450 new jobs.
Yellow Messenger raises Series A funding of $4 million from Lightspeed, others(MINT)
Yellow Messenger plans to use the funds to expand its deep tech capabilities, its customer success teams, and its presence in high-potential markets across Asia, the Middle East, and other emerging markets.
Skritswap receives $900,000 from Fednor and Women Entrepreneurship Strategy(BETAKIT)
Skritswap, a company that has developed an AI-powered platform to make complex documents easier to read, has received two federal government investments amounting to $900,000.
Analog-based AI chip startup Mythic raises $30 million in funding(SILICONANGLE)
Mythic says AI systems are only as good as the available memory they can access, so its goal has been to find a way to make that memory more accessible and efficient for AI-powered devices.
Vectra lands $100 million Series E investment for AI-driven network security(TECHCRUNCH)
Vectra, a seven-year-old company that helps customers detect intrusions at the network level, whether in the cloud or on premises, announced a $100 million series E funding round led by TCV.
Element AI signs HSBC, its third partnership announcement in four months(BETAKIT)
Element AI is partnering with HSBC to help the bank develop the capability to analyze data that comes from clients of its Global Banking and Markets division.