A|I: The AI Times – The AI chip war goes hot
Plus: Startup behind AI image generator in talks to raise at a valuation up to $1 billion.
layoffs
SkipTheDishes lays off 350 employees following global workforce review by parent company Just Eat
Just Eat cited the need to ensure sustainable growth.
F|T: The FinTech Times – Open banking working group failing to address critical issues
Plus: Dapper Labs backs blockchain gaming firm Revolving Games through $13.2 million USD round.
Canadian startup news of the week (9/11/22)
Plus: Panache closes $100 million for second fund to double down on seed-stage startups.
Canadian tech is (still!) hiring
A sign of ecosystem maturity or that downturns only exist when engineers get laid off, too?
H|T: The Healthtech Times – Telus has its Lifeworks
Plus: More layoffs hit healthtech.
Shopify swaps CFO, COO amid financial downturn
CFO to exit following third quarter earnings report.
A|I: The AI Times – This AI won top prize at the state fair
Plus: Five months in, details on Canada’s new Innovation and Investment Agency remain sparse.
S|W: The SaaS Weekly – 1Password shuffles C-suite as Snap lays off 20% of employees
Plus: Snap lays off 20% of employees.
F|T: The FinTech Times – Clearco comes home, Klarna’s losses triple
Plus: Ticketmaster taps Flow Blockchain to allow organizers to issue NFTs along with tickets.
Canadian startup news of the week (9/5/22)
Plus: Clearco hands overseas business to Outfund.
Shopify plans to contest $40 million Express Mobile patent infringement verdict
Express Mobile has also sued Google, Meta, and Amazon for infringing its patents.
Thoughtwire, Finaeo make staff cuts as Canadian tech continues to face economic headwinds
Both companies are staying mum on the number of employees cut.
Clearco hands overseas business to Outfund to focus on North American market
The market exit comes less than a year after Clearco began expanding its international operations.
S|W: The SaaS Weekly – OpenText has a Micro Focus
Plus: Vendasta, Q4 make layoffs.