A|I: The AI Times – OpenAI passes $1.3B annualized revenue while Big Tech struggles to turn AI hype into profits
Plus: Canadian quantum group appoints its first CEO.
AI
Procurify closes $68-million CAD Series C to invest in AI, global expansion of spend management platform
Ten Coves Capital, EDC join existing backers Information VP, HarbourVest.
Feds launch consultation on AI’s copyright implications as privacy watchdog seeks input on new biometrics guidance
Consultations come as Canadian authorities explore how to regulate emerging technologies.
CANImmunize, PharmaGuide, Wave View Imaging named to inaugural cohort of Pfizer Canada’s Healthcare Hub
Pfizer Canada is earmarking $1.4 million in in-kind support and donations as part of the program.
Ten Key Labs secures $10.5 million, launches AI equity management tool for founders
Extreme Venture Partners, Xtreme Labs alum secures backing from Craft Ventures, Shopify angels, Wave co-founder.
Buddybuild founder is back with new code-assist platform Unblocked
Amplify Partners, Slack founder Stewart Butterfield among Unblocked’s investors.
Quantum Industry Canada appoints Lisa Lambert as first-ever CEO following fed investment
Quantum Industry Canada received $1.4 million as part of Canada’s National Quantum Strategy in January.
A|I: The AI Times – Anthropic in talks to raise another $2B, a16z discussed backing Midjourney rival
Plus: Samsung to manufacture chips from AI chip startup Tenstorrent.
FluidAI Medical announces $15-million Series A for AI-driven postoperative monitor
Series A round comes almost exactly one year after rebranding from NERv Technology.
Hugging Face’s Sasha Luccioni on tracking the ethical and environmental impacts of AI
Hugging Face’s Climate Lead thinks data sharing can help make AI “less bad for the planet.”
Alberta Innovates opens applications to $8 million program for AI integrations into provincial health system
Projects eligible for up to $800,000 over three years.
Lemurian Labs secures $9 million in seed funding to expedite AI workloads at a lower cost
CEO says company can bring down the power consumption of AI models by 10-times.
Rockwell Automation completes acquisition of Clearpath Robotics and its OTTO Motors division
Reportedly topping $600 million USD, the deal will keep the autonomous robotics startup in the Waterloo Region.
A|I: The AI Times – Canadian leaders sign Gen AI code of conduct, Shopify’s CEO wants fewer “referees”
Plus: Amazon rachets AI race with up to $4 billion investment in Anthropic.
Ocean Supercluster announces $20 Million Investment in nine new AI-powered ocean projects
The funding brings the national innovation focus of AI to aquaculture and coastal cleantech.