Ballooning AI costs have Canadian startups weighing alternatives
Canadian startup leaders brace for more price increases to the models they rely on.
Briefs
Sentinel R&D at centre of Russian accusations that Canada is a “warmonger”
Comments follow recent deal between Hamilton-based drone company and Ukraine’s Airlogix.
General Fusion and Eavor take top spots on Time Magazine cleantech list
Five Canadian companies are among 250 of the world’s “top-performing” cleantech companies.
Nesto secures nearly $1.5-billion valuation in new Series E round
Montréal-based digital mortgage lender wants to speed up approvals using AI.
Montréal innovation hub Ax.c secures renewed funding and DMZ partnership
Government-backed hub hosted more than 250 events in its first year of operation.
Kathairos hits million-tonne milestone for CO2 reduction at oil and gas sites
Calgary-based company replaces methane-rich natural gas with liquid nitrogen to reduce emissions.
Edmonton Unlimited showcase broadens investment horizons for deep tech founders
Event will inform future deep tech-focused programming at the innovation hub.
Clio acquires fellow Canadian legaltech firm Jurisage
Deal gives Clio the legal database it needs to advance its AI roadmap on home turf.
Coinbase Canada appoints Eric Richmond as new CEO
Former leader Lucas Matheson left the crypto exchange in December to join Opendoor.
AI rollup company Beacon closes $225-million USD Series C round
Toronto holding firm fuels up to continue software acquisition spree.
NORAM Electrolysis Systems nabs $5.6 million to scale up lithium refining
Funding will support development of next-generation electrochemical lithium refining platform.
Cohere signs exploratory AI agreement with Québec government
MOU tasks Toronto AI company with exploring AI use in province’s public service.
Clio expands into the US with New York headquarters
Expansion is Vancouver-based company’s first dedicated US office, and tenth globally.
Deep Sky announces carbon capture agreement with TD Bank
Ten-year deal will see TD use Deep Sky’s carbon credits to offset residual emissions.
National AI institutes get funding and talent boost from AI strategy
Mila, Amii, Vector Institute, and CAISI receive over $200 million in financial commitments.