Why many of Canadaâs tech centaurs are in no rush to go public
Leaders from Clio, GeoComply, Wealthsimple, and others talk IPOs and the âSaaSpocalypse.â
AI
The women most at risk from AI aren’t in the rooms designing it
April Hicke writes that Canada is building its AI economy on a foundation that excludes some of its workforce.
NGen announces nearly $80 million for Canadian manufacturers to adopt AI
Funding comes from industry partners and through Pan-Canadian AI Strategy.
Lockheed Martin Canada invests $3.6 million into Lemay.ai
Project supports AI R&D for âsovereign knowledge management.â
Relocalize to build fully autonomous âdarkâ microfactory in MontrĂ©al
Startup opening sustainable microfactory for water cold packs that will run in complete darkness.
ThinkLabs secures $28-million USD Series A to help power grids manage data centre demand
The AI race will take a toll on power grids. ThinkLabs wants to use its own AI to help.
Venture studio AXL appoints fellows from Nvidia, NASA, Samsung
First cohort of senior U of T scientists aims to bolster studioâs industry expertise.
Feds reveal streams behind $1-billion VC initiative as budget becomes law
Governmentâs commitments to defence, financial services, VC, and more pass royal assent after months of debate.
Canadian VCs are starting to fear an AI-driven âSaaSpocalypseâ
At CIX Summitâs Investor Forum, VCs grappled with AI’s impact on an already tough market.
Mila teams up with Mozilla to build open-source AI tools
Firefox maker investing initial $1 million into partnership with Montréal AI institute.
Opendoor hiring in Canada as it looks to make Toronto a âmajor hubâ
Up to 100 people could join Toronto team, but company has no immediate plans to enter Canadian market.
Denvr signs two defence deals to deepen sovereign AI push in Canada
Calgary company teams up with Dominion Dynamics on drone simulation and Sapper on intelligence and cyber defence.
OpenText lays off four percent of its global workforce
Cuts come as former IBM Americas president Ayman Antoun prepares to take over as CEO.
Cohere teams up with Swedish defence firm Saab on AI for surveillance jets
Agreement marks the latest step in Cohereâs push to integrate its AI into defence technology.
Spark Microsystems secures additional $17 million in Series B funding
Montréal chip firm aims to enable next-gen, short-range wireless communications.