With $7.75 million CAD, new CEO, Boston office, TrojAI looks to expand operations
Incoming CEO Lee Weiner was previously senior executive at Boston-based Rapid7 for 11 years.
H|T: The Healthtech Times – Ontario budget allocates funding to healthtech procurement
Plus: Neuralink is now accepting Canadian patients.
Cohere introduces new LLM for businesses alongside Microsoft Azure collaboration
Enterprise-focused OpenAI competitor is reportedly in talks to raise at least $500 million at $5 billion valuation.
Innovation Factory and Haltech amalgamate to serve Hamilton, Halton area startups
The Ontario organizations have come together under the Innovation Factory banner.
R|T: The Retail Times – Why women in retail are leaving CEO positions
Plus: Lightspeed CEO muses about privatization; Giant Tiger’s cyberattack.
Lightspeed reduces staff by 10 percent in suite of cost-cutting steps following Dax Dasilva’s return
Layoffs part of company’s reorganization strategy following a disappointing response to Q3 earnings.
A|I: The AI Times – Canadian pension manager to co-lead deal valuing Cohere at $5 billion
Plus: Feds broaden foreign investment scrutiny; Why Apple bought DarwinAI.
BeniPlus secures $1.1 million to simplify employee benefits
BeniPlus offers a wallet system for employees to allocate benefits depending on their needs.
Feds, Québec commit $16 million to create an AI computing cluster at Université Laval
The funding follows recent calls to increase Canada’s AI computing power.
S|W: The SaaS Weekly – Peek inside Canva’s battle plan against Adobe
Plus: Ontario school boards sue social media giants for $4.5B.
Helika launches $50-million accelerator for Web3 and traditional gaming studios
Helika secured $10.8 million CAD in Series A funding last month.
F|T: The FinTech Times – Sam Bankman-Fried gets 25 years
Plus: Mogo backs Kaos in WonderFi boardroom battle.
H|T: The Healthtech Times – AstraZeneca pays $2B for Hamilton biopharma firm
Plus: Neuralink’s first human subject shows off abilities on livestream.
R|T: The Retail Times – Tobi Lutke granted a nine-figure Shopify compensation package
Plus: Sonder faces class action, Busbud continues LATAM push.
A|I: The AI Times – Cohere seeks big-time valuation despite small-time revenue
Plus: Canada’s underinvestment in computing threatens its AI advantage.