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.
Dialogue acquires IP, other assets of fellow digital health platform Koble
Deal is hoped to strengthen Dialogue’s support for women’s healthcare.
Earned wage startup ZayZoon brings on two new backers with Series B extension
The extension brings the FinTech startup’s Series B round to nearly $50 million USD.
S|W: The SaaS Weekly – Constellation wants underperforming Canadian companies
Plus: NowVertical resolves dispute with founder and Reddit’s big debut.
Québec to invest nearly $42 million in new AgTech innovation centre
The centre will include laboratories, technological workshops, and a greenhouse complex.
Idealist Capital receives $50 million from Canada Growth Fund
Idealist is the first cleantech investor to receive backing from the $15-billion fund.
F|T: The FinTech Times – WonderFi goes international with Australian crypto licence
Plus: Nuvei confirms it is in takeover talks.
FinTech startup VoPay makes inroads in US, UK markets
VoPay has partnered with New Jersey’s Cross River Bank and joined a UK FinTech accelerator.
H|T: The Healthtech Times – Toronto biotech secures $2.2M to treat immune diseases
Plus: Healthcare startup Tempus preps for IPO.