Shopify’s head of core product leaves for OpenAI
Glen Coates to head OpenAI’s app platform and help turn ChatGPT into an operating system.
Markets
Lightspeed will pay $11 million to settle class-action suit, Québec judge rules
Retail tech firm admits no liability for allegations of overstating performance metrics.
Lightspeed president JD Saint-Martin returning to VC roots at Boreal Ventures
Saint-Martin will join the Montréal firm at the end of March as it raises its second fund.
Shopify posts another record-breaking Black Friday, Cyber Monday despite partial outage
Shopify merchants sold $14.6 billion USD to over 81 million customers this BFCM.
MDA Space reports 45-percent year-over-year revenue growth in Q3 after losing EchoStar contract
Canadarm3 manufacturer maintains financial outlook despite termination of $1.8-billion satellite deal.
Stingray to buy media streamer TuneIn for $175 million USD
San Francisco-based company will “significantly expand” Stingray’s global footprint.
“We could be public today”: 1Password crosses $400-million USD ARR milestone
After executive shakeup, 1Password preps for AI era and potential IPO.
Lightspeed upgrades yearly forecast with revenue beat in fiscal Q2 earnings
Shares rise almost 10 percent as e-commerce firm executes on growth plan.
Shopify stock slides as company beats Q3 revenue outlook with 32 percent growth
E-commerce giant continues to invest heavily in AI as it eyes global growth.
Xanadu to go public on Nasdaq and TSX in $3.6-billion USD SPAC deal
Transaction expected to raise up to $500 million USD.
WonderFi’s acquisition by Robinhood delayed until first half of 2026
Extra development work and regulatory approvals push closure of sale into next year.
Aidan Gomez says Cohere could IPO “soon” as company holds secondary sale
CEO thinks Canadian AI scaleup will become profitable before 2029.
Former Dye & Durham leaders resurface with $100-million USD SPAC targeting Canadian tech
MAK Acquisitions eyes technology businesses that provide “critical solutions in niche markets.”
Constellation Software shares close week down 17 percent after founder and CEO steps down
Mark Leonard hosted conference call on impact of AI days before resigning for health reasons.
Exro Technologies shuts down US business as possible TSX delisting looms
Struggling EV tech company will cut non-essential US staff.