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.
Canadian Startup News
Trexo Robotics has helped children with disabilities take 100 million steps
Device is meant to assist those with cerebral palsy and other leg mobility-affecting conditions.
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.
BDC launches program to help small businesses access financing to adopt AI
Program includes cybersecurity assessment and workflow automation assistance.
Sheertex maker SRTX gets $35 million CAD backing from IQ to grow manufacturing operations in Québec
STRX looking to close $70-million CAD convertible note financing round before end of year.
Markets change. Venture debt doesn’t have to.
CIBC Innovation Banking’s Amy Olah on why venture debt stays steady, even when markets don’t.
Lessons from Wattpad’s $754-million exit
Eva Lau wants you to avoid the obvious.
BC Securities Commission fines ezBtc owner $18.4 million over crypto fraud
CBSC previously found crypto platform had diverted one-third of customer deposits to personal accounts.
Canada Post strike didn’t slow Shopify’s record-breaking BFCM weekend
Shopify merchants drove $11.5 billion USD in sales over the weekend, eclipsing last year by more than $2 billion.
Stability and speed: Mastercard’s partnership with Koho
How a FinTech startup migrated towards the future of banking.
Online brokerage Questrade lays off undisclosed number of employees
Questrade appears to have quietly exited digital mortgage business around same time Wealthsimple entered it.
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.
British Columbia deploys combined $9.2 million into projects tackling climate, nutrition, health and more
Funding recipients include Ekona Power, Wildfire Robotics, and Ideon Technologies.
Lightspeed lays off 200 employees in second restructuring of the year
Online brokerage firm Questrade also reportedly laid off an undisclosed number of employees in recent days.
The one role companies are struggling to fill
Digital Marketing Sector Council report encourages employers to recognize certifications to expand the talent pool.