S|W: The SaaS Weekly – Absolute Software sold to Crosspoint for $657 million
Plus: Hopper to power Uber’s expansion into flight bookings.
build canadian
“The revolution has launched”: OpenAI’s Sam Altman charts the promise and peril of AI at Toronto event
Sam Altman has become the world’s most powerful optimist.
Startups SensaioTech, OroraTech look to mitigate wildfires with early detection services
Canadian wildfires cost more than $1 billion annually.
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.
Report: powerful, new foundation models set to transform how businesses use AI
Accenture report outlines the next generation of AI on its way.
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.
Bell to acquire Montréal cloud services provider FX Innovation
Bell posted an 88 percent decline in free cash flow since the first quarter of 2022.
S|W: The SaaS Weekly – Inside the Salesforce slowdown
Plus: After Canadian pilot, Google expands cloud accelerator to US startups.
F|T: The FinTech Times – Super and Neo evolve, Pillar and Billi shut down
Plus: Revolut’s valuation troubles signal a stormy horizon for less-profitable neobanks.
RenoRun shuts down operations as it pursues sale of assets
RenoRun expects to close a purchase of its assets by no later than May 15.
Odaia closes $34 million CAD Series B to fix “bottleneck” in drug delivery process
Roster of big pharma clients helped Odaia nab latest funding round.
As Bill C-11 passes, YouTube influencers, content creators express concern while Big Tech quiet
Bill C-11, the so-called online streaming bill, passed on April 27.
University of Toronto, Université de Montréal get combined $325 million as part of $1.4 billion federal investment into university innovation
Other projects focus on sustainability, health, and migrants.
H|T: The Healthtech Times – GSK to buy Bellus Health for $2 billion USD
Plus: GPT-4 will hunt for trends in medical records.