MindBridge closes $60 million USD from US growth equity firm, appoints interim CEO
AI-powered auditing-tech firm adds new interim leader as CEO and founder depart.
AI
Canada’s private tech firms gather to talk AI, growth, global appeal
Steve Wozniak tells Canadian Private Technology Conference to find “reasonable ways” to deal with AI.
Cohere secures strategic investment from SAP as enterprise demand for generative AI grows
Toronto-based Cohere has also partnered with McKinsey.
A|I: The AI Times – FTC investigates OpenAI as Elon Musk launches competitor
Plus: Shopify teases AI assistant for entrepreneurs, Sidekick.
YC-backed Reworkd secures $1.65 million CAD to build AI agents for business tasks
Founded by a trio of Vancouverites, Reworkd has nabbed funding from Panache.
SenseNet raises $1.3 million CAD for its wildfire-detecting technology
The Vancouver firm is the latest of several wildfire-detection startups that expect to see flames fan their fortunes.
MaRS, UK innovation agency team up to host eight UK startups for new AI incubator
MaRS, Innovate UK have worked together in the past to launch a manufacturing incubator.
A|I: The AI Times – OpenAI has a new team to fight ‘superintelligent’ AI
Plus: Experts and VCs disagree on the actual perils of AI.
After buying Cyclica and Valence, Recursion secures $50 million USD from Nvidia for AI drug discovery
The US biotech firm opened a new Canadian HQ in Toronto last month.
Shopify teases AI assistant for entrepreneurs, Sidekick
Shopify said Sidekick can help with designing storefronts, developer documentation, economic trends analysis.
Sampler acquires AdMass’s tech, founders to add AI, user-generated content to its product sampling platform
The deal marks Sampler’s second acquisition in four months.
Hypercontext completes HR pivot with new AI-powered performance management tool
The startup promises ‘performance reviews so easy, they write themselves’—but what are the risks?
Protein Industries Canada offers $10 million to help grow AI use in food sector
AI is being applied to the plant-based food industry’s efforts to satisfy ever-changing consumer demands.
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash.
Vector Institute, Kids Help Phone team up to expand use of AI in mental health services
Kids Help Phone said AI will help its staff adapt to the way young people speak.