Open banking is dead, Techno-Optimists want a war
Marc Andreessen’s manifesto is flawed. But it shows a greater sense of the moment than our politicians.
AI
Electronic circuit manufacturer SMT Intelligence raises $68 million from the Fonds FTQ
SMT uses robotics, AI to produce over eight million electronic circuits annually.
A|I: The AI Times – Google & Nvidia are betting on this Canadian startup to boost ML model performance
Plus: Hinton and Bengio among leaders signing new AI policy letter.
Promise Robotics nets $20.8-million CAD Series A to speed up home building with robots
The startup turns standard industrial robots into plug-and-play homebuilding systems.
Kento Health raises $4.1 million CAD to bring AI to cardiovascular care
Dialogue alumni’s new startup is gearing up to strike hard in the battle against the leading cause of death.
BDC Capital recommits to leading seed deals in startups across Canada with new $50-million fund
VCs applaud BDC’s commitment to direct seed funding, ask for more emerging manager support.
Deloitte spinout Arteria AI closes $46-million CAD Series B to help banks turn documents into data
Backers include GGV Capital, Citi, BDC Capital, Information VP, and Illuminate Financial.
Hinton, Bengio, among 24 expert signatories with policy-focused AI recommendations in new letter
Signatories include multiple CIFAR chair members behind Canada’s Pan-Canadian AI Strategy.
Google and Nvidia-backed CentML secures $37 million CAD to help companies deploy AI amid chip shortages
Toronto startup wants to help AI hardware “starvation period” by optimizing ML models.
A|I: The AI Times – OpenAI employee secondary values company at at least $80 billion
Plus: Why Korean car makers want Tenstorrent’s AI hardware.
Federal, Québec governments invest over $7.6 million into quantum telecom testbed
The testbed will allow businesses to experiment with quantum technologies for telecom networks.
PADS Financial secures $3 million CAD in pre-seed funding, launches online mortgage platform
PADS looks to leverage AI and blockchain with its online mortgage servicing platform.
Why Korean car makers want Tenstorrent’s AI hardware
Getting nerdy with the Canadian hardware company attracting global interest.
Traffic management startup Miovision closes $36 million CAD, bringing latest round to $296 million
Amid acquisition spree, Miovision will use the funding to fuel organic and inorganic growth.
University of Alberta targets $50 million with new innovation fund, announces first investment in AI system control startup
The university plans to reinvest returns from the donor-fuelled fund into “future innovations.”