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Can AI transform Canada's health system
Can AI transform Canada’s health system?
A Fraser Institute study says artificial intelligence (AI) could make health care more productive and patient-focused, but only if health care systems are redesigned with AI at their core.
Ericsson working toward AI-enabled telecom networks
Ericsson Canada is building a Canadian ecosystem of researchers and graduate students in its ongoing push to build a more resilient and powerful telecom network across the country.
NorthX helps fill funding gap for women-led climate tech
Vancouver-based NorthX Climate Tech is helping women-led climate entrepreneurs get funding and mentoring to move from research and development to rapid commercialization of their technologies.
OpenAI finalizes US$110 billion funding round
ChatGPT maker OpenAI has received US$110 billion in funding from Amazon, SoftBank and Nvidia, putting the company's pre-money valuation at US$730 billion. OpenAI's CEO Sam Altman said ChatGPT has more than 900 million weekly active users.
Cohere’s Gomez, Radical Ventures invest in General Magic
Cohere’s Gomez and Radical Ventures invest in AI insurance agent startup General Magic. Its AI agents text potential customers shopping for auto and life insurance, to speed up the clarifying questions that insurers need to generate a quote.
Montreal tech company Stay22 raises $122-million
Stay22 Technologies, a Montreal company whose technology is used by online travel influencers, has brought on U.S. growth-capital giant Summit Partners as an investor. Summit has invested US$122-million for a minority stake in Stay22.
L-Spark completes first cohort as a corporate accelerator
After more than 10 years and 11 cohorts, Ottawa-based accelerator L-Spark changed direction last April. The organization is no longer an accelerator for SaaS companies; it’s now finding startups that complement a corporation’s offering so they don’t have to.
Private equity firm Novacap closes its largest tech fund
Montréal-based Novacap has closed nearly US$3.8 billion USD ($5.2 billion CAD) for its seventh tech-focused private equity fund that will continue the firm’s strategy of buying majority stakes in profitable companies.
Thomson Reuters says more using CoCounsel AI tech
Thomson Reuters Corp.'s shares increased after the firm said one million professionals are using its CoCounsel AI technology. CoCounsel is technology underlying the generative and agentic capabilities in the company’s legal, tax, accounting, audit, risk, compliance and corporate solutions.
Parabellyx is preparing businesses for digital warfare
Richmond Hill, Ont.-based cybersecurity startup Parabellyx's Luma platform is designed to make security testing an always-on process. Luma scans a company’s systems on an ongoing basis, identifies vulnerabilities and checks whether those weaknesses can actually be exploited.
OpenAI pledges stronger safety protocols
In a letter to Canada’s AI minister, the ChatGPT maker said it would have disclosed the shooter’s disturbing messages to police under its new guidelines as company navigates ongoing backlash after Tumbler Ridge, B.C. mass shooting.
Memory shortage could hit smartphone sales
The global smartphone market is poised to suffer its biggest decline ever in 2026, sinking to a more than decade low in shipments, as surging memory chip prices drive up device costs, said International Data Corporation .
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