toronto | BetaKit

ThoughtWire explores sale after debt-fuelled growth strategy fails

Toronto software firm has struggled to bounce back from COVID-19 and high debt burden.

Toronto-based biotech raises $153 million USD to give discarded drug candidates an AI-assisted second chance.

Mila’s Alex Shee on the shift from academic institutions that could help create “generational opportunity.”

Plus: Waabi COO says autonomous trucks are ready to be deployed.

Canadian and European tech companies still have concerns over federal “lawful access” bill.

Federal government will fund 10,000 paid placements for students and recent graduates in AI-related fields.

Lior Ron foresees deployment across the Southern US by next year after Volvo completes technical validation.

EdTech company cuts 96 employees as it pulls away from “very small” business customers.

Former handheld giant raises its fiscal outlook after surpassing its own expectations.

Canadian VCs have pushed Clio for discounted terms. Newton argues it should be the other way around.

McRock, Yamaha, CIBC back Axya’s plan to help manufacturers automate sourcing and purchasing.

CIBC’s Gradient Ascent Podcast examines how AI is changing round timing and allocation.

While women founders dominate the femtech landscape, men still get most of the money.

Plus: Nvidia, AMD sign Canada’s data centre framework.

Tech leaders talk human agency in the AI world as GROAT Kyle Lowry encourages entrepreneurs to chase their “yes.”