Your must-read Canada Investment Summit summary
Plus: Canada to pursue sovereign internet.
layoffs
Neo Financial lays off roughly 10 percent of its staff
Calgary-based FinTech cut 102 employees to create a “simpler and faster team.”
The list tracking Canada’s tech exodus
Plus: Moneris loss is Helcim’s gain.
Clearco secures $100 million USD for “rescaling” after difficult years
After recapitalizing in 2023, Toronto FinTech company says it will break even by Q4.
What will the Moneris sale cost Canada?
Plus: Silicon Valley’s therapists.
The new AI battle line is drawn
Plus: Big Tech’s voluntary buyout push.
An OpenAI model hacks Hugging Face
Plus: Ontario’s AI tool is accused of punishing Black prisoners.
Which LLMs are secretly Canadian?
Plus: OMERS Ventures head departs for Kensington.
Does Anthropic want to eat your business?
Plus: How AI chatbots are being tricked into smear marketing.
OpenText lays off two percent of its workforce
Roughly 400 global employees are now out of work, but OpenText says Canadian impact is “minimal.”
Ubisoft closes Winnipeg office, laying off another 65 staff
French game developer continues cost-cutting measures just months after closing Halifax office.
Shopify ups share buyback program as activist investors question AI policies
Canadian e-commerce giant’s stock price is down nearly 27 percent since the beginning of the year.
Could AI give us more time for creativity? Maybe if you’re an entrepreneur
Re-Work event explored how work will change as AI takes on human tasks.
Why Shopify’s CEO thinks the one-person company is “bullshit”
But, as Tobi Lütke said at Toronto Tech Week’s Homecoming, those companies could still make a billion dollars.
Databricks and Ada execs on what’s fuelling the Gen Z AI backlash
Reynold Xin and Mike Murchison say there is space for students to reframe their relationship to AI.