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Building more Canadian-centric AI
Building more Canadian-centric AI
Canada needs to build a home-grown AI ecosystem that reflects Canadian business needs and values, not ones defined or directed by Silicon Valley says Cohere co-founder Nick Frosst.
Startups must focus on real‑world AI solutions
Canadian investors have been generous with funding for tech startups over the past few years. That may soon change as investors are now pushing for real-world business solutions from Canadian AI startups seeking new funding support.
Canadian Tire, Microsoft expand AI-driven retail initiative
Canadian Tire says an expanded AI‑driven retail intelligence platform will help it stay ahead of customer buying trends and demands.
Wealthsimple named CIX Innovator of the Year
Elevate has named Wealthsimple the 2026 CIX Innovator of the Year, recognizing the Toronto fintech firm for its “exceptional performance and transformative impact" on Canada’s fintech landscape.
Toronto’s Taalas raises US$169M for faster AI chips
Taalas is one of several startups trying to sell specialized chips to power the AI boom, but it’s taking an unconventional approach to do so.
AI projects speeding up across Quebec’s public agencies
The number of AI initiatives in Quebec’s public administration has jumped 54 per cent in less than a year according to the Ministry of Cybersecurity and Digital Technology. Most of these are in the health network and higher-education sector.
Thomson Reuters looks to proprietary data in AI race
Thomson Reuters is betting on the value to professionals of AI agents that can carry out complex tasks accurately and on their own, seeking to tamp down fears of disruption that have hung over the software sector in recent weeks.
Loop aims to make screen-scraping obsolete
Toronto fintech startup Loop is launching a new product allowing businesses to more easily link banking data with accounting apps. Loops's API can sync a clients’ global banking data with accounting tools like Xero, Wave and QuickBooks without "screen-scraping."
Canadian Bitcoin Consortium launches insurance company
The Canadian Bitcoin Consortium, a business advocacy group for the cryptocurrency industry, announced the launch of Blockchain Insurance Inc. Blockchain Insurance is described as "traditional insurance for non-traditional industries.”
Meta strikes $100B AMD chip deal
Meta plans to purchase potentially up to $100 billion worth of AMD chips, enough to drive roughly six gigawatts of data center power demand. Meta will purchase AMD’s MI540 series of GPUs and its latest generation of CPUs.
Chip startup MatX raises US$500M to go against Nvidia
MatX, an AI chip startup founded by two alumni of Google’s semiconductor business, has raised more than US$500 million in a new funding round to produce hardware that competes with Nvidia Corp.
Canada’s sluggish startup growth hits job growth
New research shows Canada is trailing global peers, with early-stage funding gaps limiting job growth and future public companies.
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