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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.
Microsoft invests US$10B in ChatGPT maker OpenAI (BNN BLOOMBERG)
The new support, building on US$1 billion Microsoft poured into OpenAI in 2019 and another round in 2021, is intended to give Microsoft access to some of the most popular and advanced artificial intelligence systems. Microsoft is competing with Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. to dominate the fast-growing technology that generates text, images and other media in response to a short prompt.
Alphabet company DeepMind shutters Edmonton site as part of Google layoffs (BETAKIT)
In a statement shared with BetaKit, DeepMind’s spokesperson said that it will be maintaining its other Canadian locations in Montréal and Toronto. DeepMind did not confirm when the closure of the Edmonton office and the layoffs would take place.
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Canada has leading AI experts. But does Ottawa have the right plan to support an AI industry? (THE GLOBE AND MAIL)
Many leaders in Canada’s innovation sector say the government’s strategy to build on the country’s early lead in AI is emblematic of how Ottawa routinely fails to leverage the country’s brains to produce economic growth.
StoryTap founder Bernadette Butler on how she overcame the “shocks” of entrepreneurship (BETAKIT)
“I would question anybody that claims they got it right out of the gate,” said StoryTap founder Bernadette Butler.
Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds (BETAKIT)
The Platform for Digital and Quantum Innovation of Québec (PINQ²) announced on Monday that it is set to begin operating the IBM quantum supercomputer in the second half of this year.
AI-focused Radical Ventures makes Dominic Barton partner as it seeks to raise $550-million fund (THE GLOBE AND MAIL)
As BetaKit has previously reported, Radical Ventures is currently raising a $550 million USD AI fund. The VC firm has added two big names to its slate of partners: Dominic Barton, former Canadian ambassador to China and former global managing partner of McKinsey, and London-based Aaron Rosenberg, head of strategy and operations at Google’s AI unit, DeepMind Technologies.
Investor liquidity issues are putting the squeeze on Canadian startups (BETAKIT)
The immediate harm is to Canadian startups that are looking to fundraise—including those that had closed rounds, only to never see the funds materialize or be clawed back.
Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI (THE INFORMATION)
A funding round of that size indicates the startup is aiming for a valuation of at least $1 billion, according to one of the people familiar with the new discussions, a striking price for a startup with a product still in beta.
How to turn new grads into successful employees (BETAKIT)
Younger generations value interesting work and team connection; they require structure and strong communication.
CNET's AI journalist appears to have committed extensive plagiarism (FUTURISM)
CNET's AI-written articles aren't just riddled with errors. They also appear to be substantially plagiarized.
Delphia places co-founder on leave over sexual assault allegations, lawsuit from former employee (BETAKIT)
The lawsuit, which has been filed in California, alleges that Delphia co-founder and CTO Cameron Westland “sexually assaulted and harassed” the now-former employee at a work retreat on August 17, 2022.
BuzzFeed to use ChatGPT creator OpenAI to help create quizzes and other content (WALL STREET JOURNAL)
In a memo to staff sent Thursday morning, which was reviewed by The Wall Street Journal, Chief Executive Jonah Peretti said he intends for AI to play a larger role in the company’s editorial and business operations this year.
As Big Tech makes mass layoffs, recent Canadian startup reductions might cut deeper (BETAKIT)
The economic pressures causing some of the world’s largest tech companies to reduce staff also continue to be felt by Canadian tech startups. In recent weeks, PartnerStack, SSENSE, #paid, Shakepay, and Venngage have all joined the growing list of tech startups to make staff cuts.