AI risks: overblown, existential threat, or something else? VCs and tech experts disagree
Geoffrey Hinton says AI systems may one day develop ‘goals of their own.’
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PacifiCan invests nearly $23 million in BC cleantech, zero-waste projects
Saltworks, MintList, and Novarc Technologies all receive funding for expansion and commercialization.
Shakudo closes $9.5-million CAD Series A to help companies adopt generative AI
GreatPoint-backed Shakudo is led by AI experts from Georgian, Borealis AI, and BMO.
S|W: The SaaS Weekly – ApplyBoard co-founder launches new skilled worker startup as feds update talent strategy
Plus: Snowflake expands Canadian engineering hub.
Porta raises $10.5-million for frozen, ready-to-cook Italian meal delivery service
Porta might just fill the frozen-pizza-shaped hole left by General Assembly.
F|T: The FinTech Times – Stripe & Robinhood make layoffs, Financeit acquires competitor
Plus: FTX considers a reboot?
Feds update talent strategy as cleantech flees south
Plus: PitchBook analysts say 2023 VC funding is “pretty much shot.”
Canada is falling behind on cleantech as capital and companies flee south
Report: nearly 83 percent of Canadian private investment in climate tech leaves the country.
Syzl crowned PITCH winner at Collision 2023 as other startups win cash prizes from The DMZ
The DMZ awarded $65,000 to startups at its Insiders Event prior to Collision’s start.
H|T: The Healthtech Times – Aledade secures big funding to fuel M&A
Plus: Babylon will cease trading on NYSE, combine with MindMaze.
Jombone secures $1 million from FedDev to address industrial staffing needs
With this funding, Jombone wants to adapt its platform for the US market.
Loopio makes “difficult decision” to lay off nine percent of its team
The Toronto-based software startup made its first acquisition in May.
PitchBook analysts say 2023 VC funding is “pretty much shot,” long-term recovery appears likely
PitchBook analyst: “It’s not going to be a six-month turnaround.”
R|T: The Retail Times – Shopify is in a “fight” with CRA over merchant records
Plus: Alibaba surprises with chairman and CEO replacement.
Vector Institute, Ontario Centre of Innovation secure combined $77-million provincial funding
OCI received $50 million from Ontario’s $107-million Critical Technology Initiative.