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.
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F|T: The FinTech Times – Diagram Ventures adds $100M onto its FinTech bet
Plus: Shopify backs Nigeria-based FinTech Nomba.
OneEleven head Matthew Lombardi stepping down
After its 2020 closure, Lombardi led OneEleven through its revival.
Ontario innovation consortium SOSCIP shuts down as three-year federal funding ends
SOSCIP helped researchers access advanced computing platforms and technical expertise.
BC venture deal volume reached a three-year low in first quarter of 2023
Startups in BC raised $95.1 million through nine deals in Q1 2023.
S|W: The SaaS Weekly – 1Password’s CEO responds to Google’s “tipping point”
Plus: Will BlackBerry make it to the BlackBerry movie release?
D2L acquires Connected Shopping to let clients sell online courses
The acquisition signals D2L’s ongoing expansion into e-commerce.
Float launches new corporate card as it experiences growth in economic downturn
How a Toronto FinTech startup says it stays afloat as others struggle.
A|I: The AI Times – Geoffrey Hinton issues warning, Cohere is soaring
Plus: IBM to pause hiring for jobs that AI could do.
Carbonhound raises $1.3 million help small, medium business get ready for emissions regulations
The startup will help cut carbon as the United Nations says “catastrophic” warming is upon us.
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.
American biotech Recursion acquires two Canadian AI drug-discovery companies, Cyclica and Valence
“Policymakers should look to understand why so many promising tech companies choose to sell themselves.”
Next Canada names startups in latest cohorts for its three accelerators
Next AI participants can receive up to $100,000.
Tech leaders, academics gather to discuss how Canada can reach net-zero emissions by 2050
The CityAge conference explored how Canada can grow sustainably to a population of 50 million.
Report: powerful, new foundation models set to transform how businesses use AI
Accenture report outlines the next generation of AI on its way.