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'We got the power': PowerBank adds data centres as pillar of business
PowerBank adds data centres as pillar of business
PowerBank Corporation (PBK-Q), a Toronto-based solar and energy storage developer, is focusing its efforts on artificial intelligence (AI) infrastructure and modular data centres as demand for computing infrastructure continues to rise.
Version One raises $108M to back new startups
Vancouver-based venture capital firm Version One has US$108 million to invest in the next generation of startups, betting that some of the biggest technology opportunities of the coming decade will emerge from AI, robotics, biology, and outside North America.
Ottawa’s AI strategy to cost $2.3B
The federal government will spend more than $2.3 billion through its new national AI strategy, which lays out plans to increase business adoption, provide free training and literacy skills to Canadians, and boost funding options for start-ups.
Canada part of Anthropic’s Mythos AI preview program
Artificial Intelligence Minister Evan Solomon disclosed on Tuesday that the Canadian government is partnering with AI giant Anthropic through Project Glasswing to access its powerful new Claude Mythos model, which is skilled at detecting cybersecurity vulnerabilities.
Connected vehicle data can track people: Federal memo
Data from an advanced electric vehicle that falls into the wrong hands could be used to track people or carry out surveillance, according to a Public Safety Canada memo, prepared to address concerns about Chinese vehicles.
AI can create dangerous computer worms: researcher
Researchers at the University of Toronto say they have discovered a new cyberthreat – a method of using AI to create a dangerous computer worm that can modify its tactics as it spreads from one device to another.
Shopify increases its share repurchase program to $3B
Shopify Inc. (SHOP-T) is boosting its ongoing share buyback program by US$3 billion. The company says the increase is for the repurchase of Class A subordinate voting shares and brings its aggregate repurchase authorization to US$5 billion.
Nvidia’s RTX Spark set to change Windows PCs hardware
The future of the personal computer is a hot topic again, courtesy of Nvidia Corp.’s (NVDA-Q) announcement this week with Microsoft Corp. The leader in AI hardware is taking another run at making the central component for laptops.
Fintech platform could make founder $76B fortune
In 2015, Nikolay Storonsky used about US$500,000 he’d earned as a derivatives trader at Lehman Brothers and Credit Suisse to launch a startup intended to supplant finance institutions. “We want to replace banks, simple as that,” Storonsky said.
Erin Brockovich takes aim at data centre secrecy
Environmental activist Erin Brockovich has a new mission: Bringing more transparency to data centre construction and the impact those data centres have on nearby communities. Brockovich recently launched a website with a map of data centres across the United States.
Meta is building data centres in tents in Ohio
Just when you thought the AI data centre boom couldn’t get any crazier, Meta has gone and built data centres in tents. In a bid to cut construction time in half, Meta has built six “rapid deployment structures” in Ohio.
Meta protests against an Australian media bill
Meta, the parent company of Facebook and Instagram, called a bill in Australia that would force tech giants to pay local news media "grossly unfair." The bill requires better-compensated deals with Australian media, otherwise tech giants will have to pay compensation.
Industry Events
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