“Godfather of deep learning” Geoffrey Hinton quits Google to warn against dangers of AI
Hinton left his decade-long tenure at Google to speak openly about new AI fears.
Banking apps Pillar and Billi shut down as funding dries up for FinTech businesses
Venture funding for FinTech startups in Canada plummeted by 70 percent in 2022.
CIFAR names eight new AI chairs as part of second phase of federal AI strategy
CIFAR also awarded five-year renewals to seven AI chairs appointed in 2017.
Another round of layoffs hits Amazon employees in Canada
Roles have been terminated in Amazon’s PXT and cloud divisions.
Well Health looks to invest $2.5 million into AI companies developing healthcare solutions
Well aims to make at least 10 investments of at least $250,000 each.
After “pilot” program in Canada, Google expands cloud accelerator to US startups
The accelerator will support startups building AI applications in the cloud.
Canada, France to collaborate on AI, quantum science as part of new joint committee on innovation
Both countries recently launched investigations into ChatGPT over alleged privacy breaches.
Smart display company E2ip Technologies raises $120 million
Export Development Canada and McRock Capital co-led the round.
US data integration company Boomi plans expansion into Canada, starting with new office in Vancouver
Boomi has been building out its C-suite with locally based talent to lead the expansion.
How Super raised $85 million USD after rebranding from Snapcommerce
Snap, now “Super,” raised funding from execs at Shopify, Ancestry, Substack.
Vivid Machines raises $5.8 million CAD to help growers virtually monitor fruit trees
Toronto startup uses imaging and AI to monitor crop production.
Thales to build cybersecurity hub, hire 110 people in Fredericton with government funding
The hub will also house Thales’ North American cybersecurity centre.
Flash Forest raises $11.4 million CAD to support reforestation using drones and AI
Manual reforestation can be labour-intensive, but this startup claims it can be done in a flash.
Yield Exchange raises $700,000 CAD to simplify access to guaranteed investment certificates
Yield Exchange won two pitch competitions at SAAS NORTH 2022, taking home $110,000.
KB Nam officially named president of Wattpad following recent leadership change
KB Nam was hired as interim president following two previous leadership departures.