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TD launches first agentic AI model to streamline lending
TD launches first agentic AI model to streamline lending
TD Bank (TD-T) has released its first agentic AI model, geared toward streamlining the application process for its lending services. The bank has a goal to generate $1 billion in annual value from AI.
AI fears sink Stantec and WSP shares, now TSX laggards
Fears that AI will eat into corporate profits have hit another corner of the TSE, with shares of Canada’s leading engineering companies sinking despite solid financial results. The fear is that AI can perform tasks consultants charge hefty fees for.
Shareholder groups push for stricter AI oversight
Vancity Investment Management in Vancouver is requesting that Google-parent Alphabet Inc. do a better job of preventing AI chatbots from spreading misinformation. The Pension Plan of the United Church of Canada wants Shopify to implement a responsible AI use policy.
6 search engines now that Google isn’t really Google
At the Google I/O 2026 keynote this week, Google announced it is overhauling search to embrace a conversational, AI-driven approach. Users will be able to enlist AI agents to automatically notify them if their favourite band goes on tour.
Intuit lays off 17% of its global workforce
TurboTax, Quickbooks and MailChimp parent company Intuit is laying off about 17 per cent of its global workforce, or roughly 3,000 employees. Intuit, which has an office in Toronto, is going to direct resources into what it calls “big bets.”
Salesforce touts AI promise over reality of SaaSpocalypse
Patients at the University of Chicago Medicine featured in a promotional video seamlessly refill prescriptions, book appointments and even get parking tips with the help of Agentforce, Salesforce's flagship AI tool. All this is possible with the new technology.
Waymo pauses robotaxis as they keep driving into floods
Waymo has now paused service in four cities because its robotaxis are struggling to deal with heavy rain and flooded roads, a problem that already prompted the company to issue a recall last week.
CGI, Posti strategic partnership in communication solutions
CGI, (GIB.A-T) one of the largest independent IT and business consulting services firms in the world, and Posti, one of the leading transportation and logistics companies in Finland, Sweden and the Baltics, have expanded their strategic partnership.
What tech CEOs want from the new federal AI strategy
The federal government has spent the last year developing its AI policy, reviewing more than 11,000 submissions and consulting a committee of 28 experts. Recently, it has set up two AI advisory groups to work with cultural and union leaders.
Former BioWare devs open new studio in Edmonton
Three former BioWare developers have started an Edmonton-based indie studio called Studio Reset. The team's credits include BioWare Edmonton’s Mass Effect trilogy and its DLCs, Dragon Age series, Vancouver-based Hinterland’s The Long Dark and Vancouver-based Timbre Games among other projects.
CRTC raises Canadian content funding rules for streamers
The Canadian Radio-television and Telecommunications Commission (CRTC) has formalized new rules for online streaming services that will force them to devote more of their revenues to Canadian and Indigenous content.
VPN service used by ransomware gangs shut down
An international coalition of law enforcement agencies announced Thursday that they took down a popular virtual private network service (VPN) used by cybercriminals and arrested its administrator. First VPN operated servers across 27 different countries, according to the bureau.
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