Canadian startup news of the week (5/22/23)
Plus: Sam Altman says this Canadian city should be the next AI hub.
F|T: The FinTech Times – PayPal spent $1 billion on Xoom, now facing pressure to sell
Plus: Wealthsimple ups user insurance limit.
H|T: The Healthtech Times – Recursion acquires two Canadian AI drug-discovery companies
Plus: FDA commissioner: “hard to catch up” on regulating digital health.
R|T: The Retail Times – Alibaba logistics arm eyes up to $2 billion Hong Kong IPO
Plus: Attabotics sues Canadian Tire over warehouse fire.
A|I: The AI Times – At I/O, Google makes up for lost time
Plus: Bessemer and SoftBank bet big on AI.
F|T: The FinTech Times – Binance set to leave Canada in face of new regulation
Plus: Float launches a new corporate card on back of new growth.
S|W: The SaaS Weekly – Absolute Software sold to Crosspoint for $657 million
Plus: Hopper to power Uber’s expansion into flight bookings.
Canadian startup news of the week (5/14/23)
Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features,…
Three Canadian startups hiring AI and machine learning roles right now
Top Hat, Coveo, and BenchSci are looking for candidates to build upon AI in their platforms.
H|T: The Healthtech Times – Telehealth giant Amwell posts nearly $400M loss in Q1
Plus: Peloton shares plunge after company reports wider-than-expected loss.
F|T: The FinTech Times – Diagram Ventures adds $100M onto its FinTech bet
Plus: Shopify backs Nigeria-based FinTech Nomba.
S|W: The SaaS Weekly – 1Password’s CEO responds to Google’s “tipping point”
Plus: Will BlackBerry make it to the BlackBerry movie release?
A|I: The AI Times – Geoffrey Hinton issues warning, Cohere is soaring
Plus: IBM to pause hiring for jobs that AI could do.
R|T: The Retail Times – Shopify sheds staff, offloads logistics business to focus on “main quest”
Plus: RenoRun halts operations as it pursues asset sale.
Canadian startup news of the week (5/7/23)
Plus: Canadian Q1 VC investment falls 82 percent from last year.