A|I: The AI Times – At I/O, Google makes up for lost time
Plus: Bessemer and SoftBank bet big on AI.
fintech
Wealthsimple to let users insure up to $300,000 as global bank failures prompt better depositor protection
When SVB collapsed, US depositors could only insure up to $250,000.
Small business banking platform Vault launches with backing from Googleâs Gradient Ventures
Vaultâs co-founders have previously worked at Revolut, Koho.
Québec attracted more venture funding than any other Canadian region in Q1 2023
Québec startups raised a cumulative $317.3 million in Q1 2023.
Hopper to power Uberâs expansion into flight bookings
âFlights on Uberâ will be available to UK users this summer.
Float launches new corporate card as it experiences growth in economic downturn
How a Toronto FinTech startup says it stays afloat as others struggle.
Inflation blamed for decline in mental health of Canadian founders in the last year
BDC report maps impact of the economic downturn on entrepreneursâ mental health.
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.
Elevate to return for 2023 with Lisa LaFlamme, Dragonsâ Den, and Shark Tank stars among speaker lineup
Policy regulations around AI, Bill C-11 will be discussed at Elevate this year.
Canadian venture capital investment in Q1 2023 drops by 82 percent compared to last year
VC saw a sharp decline in both amount invested and number of deals compared to last year.
Shopify cuts 20 percent of staff, announces sale of logistics division
âThereâs no way to make this good news,â Shopify CEO tells employees in company letter.
The DMZ awards $35,000 to Black-led startups Blue Guardian, Gia Health, Scooli
The DMZ downsized its prize money after handing out $50,000 last year.
Canadian startup news of the week (4/30/23)
Plus: OneEleven reborn, Neo Financial embedded, Pillar & Billi ended.