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FinTech firm passes 2.5 million users as it navigates “final stages” of acquiring banking licence.
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Funding
Montréal-based digital mortgage lender wants to speed up approvals using AI.
AI
Trillium helps Canadian researchers with massive jobs like simulating oceans and modelling stars.
AI
Delayed strategy promises plan to encourage Canadians to reinvest tech investment gains in AI startups.
VC
Crown corporation’s board chair says Hudon will help shape its next five-year strategy.
Defence Tech
Erin O’Toole wants Canadian innovators to seize the moment before it’s gone.
The layoffs come four months after Ada reduced its staff by 16 percent.
Plus: Amazon expands into pharmacy.
Invest Ottawa will use funding to create remote and simulation options for smart mobility R&D.
Contract with Manitoba will help alleviate backlog of province’s sleep study cases following pandemic.
AppDirect unified its advisor business under the AppDirect brand earlier this month.
Paperstack sees room to grow as larger players cut back amid economic headwinds.
Plus: Tiny Capital enters deal to go public.
OpenText said it expects to cut the combined entity’s teams by 8 percent due to Micro Focus acquisition.
With Fund II, Raven aims to build more innovative Indigenous economies.
Software startup for remote teams pursuing federal contract after fundraising falls through, bank relationship sours.
CEO: “We’re a little company in Manitoba taking on the world.”
Reports show one of the main barriers to AI adoption is the ongoing talent crunch.
Plus: Blockstream lands $125 million.
Data engineers still in demand despite downturn-induced layoffs.
Plus: Another Shopify C-suite exec departs.
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Waabi’s Raquel Urtasun and CCI’s Jim Balsillie came to Toronto Tech Week armed with data and predictions.
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The DIS adds clarity to Canada’s defence spending commitments, but not their outcomes.
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