Max Power is maxing out geological exploration with AI
The mining company drilled Canada’s first well dedicated to natural hydrogen. Now it’s looking to commercialize.
Briefs
SAAS NORTH AI, Dominion Dynamics launch new dual-use defence summit
Deploy is a founder-focused summit in Ottawa for companies expanding into defence.
U of C to lead creation of Canada’s first quantum defence innovation hub
Feds will invest more than $20 million in 13-member consortium focused on military applications.
CarDoor launches seller marketplace built on real-time bidding
MarketCheck moves CarDoor away from consumer retail toward dealer-focused sales.
Goodfood seeks creditor protection after CEO resigns
Montreal meal-delivery company wants time to restructure the business amid liquidity constraints and mounting debt.
U of T prof Sanja Fidler leaves as Nvidia’s VP of AI research
Fidler did not reveal her next move, but said world models are the “next breakthrough” in AI.
Intellistake to acquire Dallas-based NanoAi for $17 million in stock
Vancouver company will combine its enterprise AI infrastructure with NanoAi’s air screening devices.
Mode40 and CME partner to launch Prairies-wide AI initiative for aerospace, aviation, and defence
AeroTrace is designed to demonstrate the value of AI-enabled systems in industrial manufacturing.
Telesat, MDA Space tapped for $2.3-billion Arctic satellite buildout
Federal contract will expand Lightspeed constellation from 156 to 225 satellites.
Calgary crypto exchange Catalyx permanently barred from operating
Former crypto exchange’s CEO, Hyuk Jae Park, will also pay a $90,000 fine to Alberta Securities Commission.
NordSpace’s venture arm makes undisclosed strategic investment in North Vector Dynamics
Canadian aerospace companies have already been tackling defence and hypersonic research projects together.
Wealthsimple reports “biggest quarter ever” as it nearly doubles assets under management in a year
Toronto FinTech firm added roughly 200,000 users and recorded largest-ever quarter for net deposits.
Greentank lands $20-million USD investment from Dubai’s AIR Global
Toronto vape tech company has now raised $56 million USD through financing and strategic investment.
Superwhisper partners with Cohere for all-Canadian voice-to-text AI
Cohere’s open-source transcription model now available in Superwhisper.
Ramp fully launches in Canada alongside new Toronto office
New York-based FinTech enters a market currently held by domestic players like Float and Venn.