Tenstorrent secures $1.5 billion USD at $6.2-billion valuation to challenge GPU dominance
Canadian-founded chipmaker is betting that the future of AI inference is open-source.
layoffs
Hopper cuts staff shortly after co-founder departs
Dakota Smith served as CEO of Hopper’s key revenue-driving enterprise division.
Thinkific lays off 30 percent of employees as part of enterprise push
EdTech company cuts 96 employees as it pulls away from “very small” business customers.
Robinhood opens new Canadian HQ in Toronto as Canada becomes a “priority” market
Starting with crypto, the US brokerage aims to bring more competition to Canada.
Your must-read Canada Investment Summit summary
Plus: Canada to pursue sovereign internet.
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.