F|T: The FinTech Times – PayPal spent $1 billion on Xoom, now facing pressure to sell
Plus: Wealthsimple ups user insurance limit.
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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,…
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.
A|I: The AI Times – EU proposes new copyright rules for generative AI as OpenAI adds ChatGPT privacy options
Plus: Ray Kurzweil weighs in on calls to pause AI development.
H|T: The Healthtech Times – Apple developing an AI-powered health coach
Well Health investing $2.5M into AI healthcare solutions.