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AI-native Canadian startups outpace global peers: AWS

1 week ago

AI-native Canadian startups outpace global peers: AWS

AI-native Canadian startups are outperforming the global average for annual revenue growth, according to Amazon Web Services. Canadian firms are expanding sales by an average of 165 per cent year-over-year, eclipsing the 156-per-cent mark reported globally among peers.

Sonder brand bought out of bankruptcy by TravelAI

TravelAI now owns Sonder’s intellectual property, including more than 50 global trademark registrations and over 70 domain names, through a court-approved bankruptcy sale. Sonder’s operating business, properties, leases, inventory, or staff were not part of the deal, only the brand.

Canadian orgs measuring AI value too narrowly: Deloitte

A new Deloitte Canada survey of senior leaders finds Canadian organizations are seeing measurable returns from AI, but many may be limiting its long-term impact by focusing on the most visible gains rather than broader measures of business value.

Cohere joins heavyweights in call for open-source AI

Canadian AI scaleup Cohere is joining the chorus of tech companies calling for AI models to be more transparent after Nvidia CEO Jensen Huang shared an open letter on X in support of releasing open-weight AI models.

Amazon proposes 5,000 satellite launch for mobile services

Amazon has proposed the launch of a constellation of up to 5,105 satellites to provide direct-to-device voice and data connectivity, joining a growing race among satellite operators to beam cellular services directly to smartphones. The service would start in 2028.

Nvidia to invest in Safe Superintelligence Inc.

Nvidia Corp. said it has made a “substantial” investment in Safe Superintelligence Inc., the AI startup co-founded by former OpenAI chief scientist Ilya Sutskever. Safe Superintelligence, known as SSI, will receive access to Nvidia’s next-generation Vera Rubin platform.

Anthropic unveils more cost-efficient model for daily tasks

Anthropic PBC is rolling out a new AI model that is meant to handle workplace tasks adeptly and affordably, a key selling point as some customers grow more cost conscious and competition increases in China.

Cheaper, open, intelligent Chinese AI models gain ground

China has a hot new product in the United States: artificial intelligence. San Francisco-based Raffi Krikorian, the chief technology officer at Mozilla, which runs the Firefox browser, switched to Chinese AI startup Moonshot’s Kimi K3 for day-to-day activities.

AI replacing customer service jobs at CBA, Microsoft, Uber

AI’s decimation of call centre jobs has begun. Companies ranging from the Commonwealth Bank of Australia (CBA) and Microsoft to Uber Technologies Inc. and Hyatt Hotels are using automated chat and phone systems for work that previously required humans.

U.S. citizen accused of using password to wipe phone

The U.S. Justice Department is prosecuting an American for allegedly providing U.S. border authorities with a passcode that wiped the contents of his phone, according to an indictment and media reports. This is the first known case of its type.

Are brain waves the next unlock for physical AI?

The frontier of physical AI is a Jenga game in a warehouse in San Leandro, Calif. That warehouse is occupied by Encord, a company that builds data tooling used to train AI models.

Samsung Galaxy Z Fold 8: An impressive folding phone

Samsung has impressed with several hot launches such as the Galaxy XR headset, the Z Fold 7 and the Galaxy TriFold; however, the new Galaxy Z Fold 8 may be the most exciting launch so far.

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