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University of Toronto, AMD building world-class AI R&D lab
University of Toronto, AMD building world-class AI R&D lab
The University of Toronto and AMD are building a research and development lab aimed at spurring next-generation technologies in artificial intelligence and computing.
Younger Canadians worry about AI-generated fraud
Most young Canadians have confidence in their prowess in spotting AI-driven financial scams, but a growing number worry those scams are becoming harder to spot.
Janet Bannister raises $50 million for early-stage fund
Startup financier Janet Bannister of seed-stage investment firm Staircase Ventures has raised $50 million for the second fund at her firm, $10 million more than her original target and bringing in three investors to round out the effort.
AI legaltech Legora reaches $5.55 billion valuation
Legora, an AI platform for lawyers, is now valued at $5.55 billion following a $550 million Series D set to fuel its growth in the U.S. That’s despite growing competition with rival Harvey, Microsoft Copilot and others.
AI adoption means big cuts in jobs, expenses at Pineapple
Mortgage brokerage Pineapple Financial Inc. will lay off over 60 per cent of its workforce and will see a significant reduction in operating costs as it implements widespread adoption of artificial intelligence (AI) technology.
AMI raises US$1.03 billion for alternative AI approach
Advanced Machine Intelligence, the startup founded by former Meta Platforms chief AI scientist Yann LeCun, said it raised US$1.03 billion as it seeks to commercialize artificial intelligence systems built around reasoning, planning and “world models.”
Constellation ‘well-positioned’ to tackle AI disruption
Constellation Software, one of the country’s largest technology companies, said it can weather the disruption caused by artificial intelligence as it seeks to allay investor fears that AI will erode the value of traditional software products.
Thomson Reuters CEO thinks you’ve got it wrong about AI
Thomson Reuters has seen billions wiped off—then added back to its market value amid panic about its role in the AI transition. CEO Steve Hasker defended the firm’s strategy, saying the company is launching a new AI foundation model.
Canadian businesses are highly reliant on U.S. tech
Foreign companies own the majority of Canada’s software tools, and the government’s Buy Canadian procurement policy has no way to account for that exposure, according to a new analysis.
Google for Startups Accelerator reveals Canadian cohort
The Google for Startups Accelerator has unveiled the 14 companies participating in its seventh annual Canadian program, one year after focusing the program on companies building with AI or machine learning. Startups include real estate, construction, finance, e-commerce and healthcare.
Google adds Gemini to Docs, Sheets, Slides and Drive
Google announced on Tuesday that it’s bringing a slew of new Gemini-powered AI capabilities to Docs, Sheets, Slides, and Drive. The features lets users generate formatted first drafts, slides and sheets based on information from their Gmail, Chat and Drive.
TikTok allowed to keep business in Canada under new rules
The federal government said it will let TikTok continue to operate in Canada and allow an investment by the tech platform to proceed, after a national security review reversed the conclusion of a previous one.
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