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Ross Intelligence files counterclaim against Thomson Reuters after announcing cease of operations (BETAKIT)
Legaltech startup Ross Intelligence has filed a counterclaim against Thomson Reuters as part of an ongoing legal battle between the two companies.
Why San Francisco-based VC Hustle Fund Is Betting Big on Canada
“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.
Toronto R&D team won’t join Aurora in Uber ATG acquisition (BETAKIT)
BetaKit has confirmed the Toronto R&D lab will not be integrated into the new joint organization, which is set to be created as part of the recently announced deal. The Toronto employees were informed of the decision Thursday.
Element AI sold for $230-million as founders saw value mostly wiped out, document reveals (THE GLOBE AND MAIL)
Tides turned fast for former domestic darling that just four years ago burst onto the tech scene promising to anchor a thriving domestic AI sector.
As China tracked Muslims, Alibaba showed customers how they could, too (NEW YORK TIMES)
The website for the tech titan’s cloud business described facial recognition software that could detect members of a minority group whose persecution has drawn international condemnation.
UiPath says it filed confidentially for IPO, could be valued at more than $20 billion (BLOOMBERG)
The IPO could come in the first half of 2021, according to people familiar with the matter.
Calgary-based Attabotics receives $34 million from federal government (BETAKIT)
Attabotics is set to receive an investment of $34 million from the federal government through a contribution from the Strategic Innovation Fund.
Facebook is developing a tool to summarize articles so you don’t have to read them (BUZZFEED NEWS)
It also laid out early plans for a neural sensor to detect people’s thoughts and translate them into action.
Google AI researchers lay out demands, escalating internal fight (BLOOMBERG)
A group of Google artificial intelligence researchers sent a sweeping list of demands to management calling for new policies and leadership changes, escalating a conflict at one of the company’s prized units.
Today in Funding: RockMass Technologies, DarwinAI (BETAKIT)
Two Canadian startups have recently announced new funding. Here’s the latest on who raised, how much, from whom, & what they’ll be putting the new funds toward.
DeepMind A.I. unit lost $649 million last year and had a $1.5 billion debt waived by Alphabet (CNBC)
The London-headquartered AI lab had a loss of £477 million ($649 million USD) in 2019, up from £470 million in 2018, according to documents filed with the U.K.’s Companies House registry.
US plans major expansion of facial recognition authority at airports (THE VERGE)
US Customs and Border Protection has filed for a significant expansion in its authority to conduct facial recognition at airports.