A|I: The AI Times – OpenAI passes $1.3B annualized revenue while Big Tech struggles to turn AI hype into profits
Plus: Canadian quantum group appoints its first CEO.
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S|W: The SaaS Weekly – Atlassian to buy video messaging provider Loom for nearly $1 billion
Plus: Vendasta closes $20M in new funding following layoffs.
F|T: The FinTech Times – Consumer payments startup Braid shuts down, Goldman Sachs drops BNPL
Plus: Ten Key Labs secures $10.5 million, launches AI equity management tool for founders.
First VCCI inclusive growth stream recipients get funding as Quantum Industry Canada appoints first-ever CEO
Plus: Exploring the forgotten history of Canadian venture capital.
H|T: The Healthtech Times – A collective $29 million committed to Canadian AI healthtech integration
Plus: US mental health startup Headway raises $125 million at $1 billion valuation.
R|T: The Retail Times – Hopper makes deep staff cuts, pulls back from Asia to pursue profitability
Plus: Canada looks at limiting number of Airbnbs to free up rentals.
A|I: The AI Times – Anthropic in talks to raise another $2B, a16z discussed backing Midjourney rival
Plus: Samsung to manufacture chips from AI chip startup Tenstorrent.
S|W: The SaaS Weekly – Cardata gears up with new funding, BlackBerry plots connected-car split
Plus: Qualtrics lets go of 780 workers.
F|T: The FinTech Times – Canada’s open banking lead extends his term as delays continue
Plus: Clearco recapitalizes, WonderFi eyes Nasdaq.
Ecosystem fears SDTC funding gap, FinTechs rally against open banking delays
Plus: Hugging Face’s Sasha Luccioni on tracking the ethical and environmental impacts of AI.
H|T: The Healthtech Times – Andre De Grasse is in a race to fund health startups
Plus: VC interest in fertility continues with $20M Series A for Pollin.
R|T: The Retail Times – Shopify takes stake in Faire as company discourages employee side hustles
Plus: Instacart quickly loses its IPO gains.
A|I: The AI Times – Canadian leaders sign Gen AI code of conduct, Shopify’s CEO wants fewer “referees”
Plus: Amazon rachets AI race with up to $4 billion investment in Anthropic.
S|W: The SaaS Weekly – Summertime Sadness for Saskatoon software startups
Plus: 1Password has a president.
F|T: The FinTech Times – Wealthsimple partners with Interac, Luge Capital is ready to cut cheques
Plus: Neo Financial, Float headline LinkedIn top startups list.