Federal government outlines $2 billion in AI compute spending commitment
Strategy includes $1.3 billion for computing infrastructure and $700 million for AI data centres.
Musical AI partners with India’s Beatoven.ai to create “fully licensed” AI song generator
Music tech startups join forces to compensate IP holders for songs created with AI.
AI chipmaker Tenstorrent closes nearly $700-million USD Series D at $2.6-billion valuation
Samsung, Bezos-backed financing comes after the firm quietly relocated to the US.
Why Hopper might be the next Canadian tech company to play the secondary game
Plus: Canada sues Big Tech.
Belgian VC Theodorus relocates to Canada under new name to target early-stage life sciences startups
Rebranded to Seido Capital, the firm has secured $45 million towards its fifth fund.
Dentists helping dentists: Clinician-founded OraQ secures $2.6 million to help assess patient risk with AI
Losing his Calgary dental practice to 2013 flood turned OraQ’s CEO into an entrepreneur.
Iconiq reportedly buyer of $100-million worth of Wealthsimple employee shares
Wealthsimple confirms secondary deal values Toronto FinTech firm at $5 billion.
Noble closes $15-million USD Series A to fuel growth of its digital asset issuance platform
Web3 startup aims to help stablecoin issuers after the “carnage” wrought by Terra’s 2022 collapse.
CIFAR leader expects CAISI to help inform AI policy in Canada and abroad
With its new AI safety institute, Canada aims to study the technology’s risks and collaborate with other countries.
Power marks up value of stake in Wealthsimple beyond 2021 peak
Hike to $2.2 billion reflects rise in public markets, Wealthsimple’s performance, and an upcoming secondary deal.
Pender Ventures closes second B2B software, healthtech-focused VC fund at $100 million
Managing partner attributes success in a tough environment to its returns, committed anchor, and consistency.
Shopify rises on 26 percent revenue growth in Q3, strong holiday forecast
Shopify shares rose over 21 percent following its third-quarter earnings beat.
Neo Financial’s $360-million Series D features big names, unanswered questions
Shopify, Slack, PointClickCare, Roblox founders back FinTech scaleup in down round led by unnamed Chinese investor.
“The world’s biggest problems are not going to be solved with software”: HardTech talks semiconductors and AI
VentureLab’s HardTech event discusses the state of Canadian deep tech, re-shoring, and the investment landscape.
WonderFi CEO Dean Skurka kidnapped, released after reportedly paying $1-million ransom
WonderFi says it is providing “full cooperation to the Toronto Police Service on this active investigation.”