AI startup Ada cuts 16 percent of its workforce
CEO cites tightening economy as Ada cuts 78 positions.
CEO cites tightening economy as Ada cuts 78 positions.
Plus: Protein industries secures $30 million, launches AI-focused co-investment program.
Final winner will be named on Oct 6th at the Technology Impact Awards gala.
Applications for the new program are open until October 26.
Intel initially teamed up with Mila last April to accelerate drug discovery.
Plus: Startup behind AI image generator in talks to raise at a valuation up to $1 billion.
After closing $6.4 million USD in January, HyperComply launched a product to automate due diligence.
Plus: Five months in, details on Canada’s new Innovation and Investment Agency remain sparse.
Both companies are staying mum on the number of employees cut.
Plus: D-Wave, Coveo, Canada Drives among companies receiving collective $50 million for Scale AI projects.
Blossom Social, Emaww, MedEssist represent Canada in the third installation of Google’s accelerator.
Plus: Elon Musk approaches Synchron.
The projects in this cohort vary from AI integrations in finance to transportation.
Plus: Hyundai announces $400M AI, robotics institute powered by Boston Dynamics.
Yamaha Motor Ventures backs Canvass again after its initial investment in 2020.