Toyo raises seed funding to further develop “OpenClaw for founders” tool
Company’s $4.3-million USD raise will help it give business leaders’ busywork to AI agents.
AI
“The world has changed”: Canada’s new Defence Industrial Strategy aims to reduce US dependency
PM lays out plan to buy domestically and partner with “trusted allies.”
From Amharic to Zulu: Cohere’s new multilingual AI model supports more than 70 languages
Toronto scaleup says Tiny Aya can run in regions where large-scale infrastructure isn’t always available.
From client to cap table: Shakudo converts customers into investors with $7-million USD raise
New backers with ties to Loblaw and CentralReach invest in Toronto startup.
Is Something Big happening in AI?
Plus: Canada’s Defence Industrial Strategy revealed.
Feds’ $6.6-billion Defence Industrial Strategy takes aim at building a “robust” Canadian defence sector
DIS outlines a “build-partner-buy” framework and plans to name “national champions.”
Cohere reportedly soars past revenue target, with $240-million USD ARR
Canada’s AI champion had projected $200 million USD ARR last year.
Backboard.io claims its AI has a better memory than yours
Ottawa startup’s AI platform outperformed other models on two memory benchmarks.
ApplyBoard researchers say they have a fix for AI’s “silent failure” problem
EdTech company’s team wins recognition for “confidence score” that helps keep LLMs honest.
Shopify stock slumps despite record-breaking Q4 revenue
E-commerce giant authorizes $2-billion USD share buyback as CFO touts strong balance sheet.
Modem closes $4.4-million USD pre-seed round to help developers ship faster
Co-founders from Sentry, Cohere back Toronto startup’s AI product management platform.
Canada’s new AI strategy is off to a bad start
Canadians already have low trust in AI. Exclusionary and unclear public engagement methods aren’t helping.
Haply Robotics raises $16 million to build the “steering wheels” for physical AI
How the Montréal startup plans to own the touch layer of robotics.
To build AI trust, the federal government should show us its prompts
Plus: Y Combinator reverses decision on Canadian-domiciled startups.
An insider’s take on Canada’s AI task force report
Former ISED senior policy advisor Jaxson Khan on how public consultations might inform Canada’s AI future.