Top Stories
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Alberta to free up a huge amount of power to attract Big Tech and its data centres
New rules would provide 1.6 gigawatts to “large-load” users that agree to build their own power sources, stepping up the province’s pursuit of AI data centres -
How Sheldon McCormick brought Communitech back from the brink
The former Uber executive and startup founder inherited a tech hub struggling to stay relevant. His turnaround effort could offer a model for what startup organizations look like in the age of AI. -
Smaller VCs face $1.6B fundraising gap as capital gets stuck at the top
Five venture funds captured 80 per cent of all fundraising in Canada last year, according to RBCx data, making it harder for emerging managers and the startups they back to raise capital
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Latest Stories
Business
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Ssense has laid off photo and make-up teams and says AI will do much of their work
Internal documents show the Montreal luxury retailer has been developing AI-generated fashion imagery and encouraging employees to adopt AI tools -
1 in 3 professionals are using unauthorized AI on the job, global survey finds
Many work in fields that handle sensitive information, exposing their employers to data breaches and legal jeopardy -
Wealthsimple will let Canadians place bets on prediction market Kalshi
Wealthsimple Predict will offer access to nearly 4,000 event contracts on the U.S. exchange -
Small firms are struggling to break into defence, new BDC report finds
Companies interested in the defence sector face financing challenges, labour shortages and regulatory hurdles, even as Ottawa prepares to ramp up military spending -
Manulife and Intact buck a global trend by reporting AI returns
The two Canadian insurers are a rarity in an industry that has so far failed to show if AI investments are paying off
National
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What makes a nuclear reactor Canadian? Billions of dollars ride on the answer
Cameco’s Grant Isaac says the U.S.-designed, Canadian-owned Westinghouse reactor should be Canada’s pick over the feds’ favoured Candu -
How a former Russian TV anchor ended up suing Canada’s go-to rocket company
Promoters say Maritime Launch Services promised them shares when the firm was nearly bust. Now the options are worth more than $1 million—and they want the cash. -
Canada gets low returns from events like the World Cup. Ottawa wants to know why
As the World Cup bump falls short of hopes, the feds are seeking better ways to track the economic benefits of huge athletic events -
For this Alberta tech firm, ‘Buy Canadian’ isn’t working as advertised
NATO and the Pentagon use Samdesk’s technology. Canada is shopping for the same thing—but giving domestic companies no advantage. -
Solomon says new laws will address Canada’s AI trust deficit
Four recent government bills should ease fears about artificial intelligence, says the AI minister, though many of the measures won’t be enforced for years
Tech
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Canada’s AI hiring boom has reached Bay Street’s top executives
About 81 per cent of surveyed Canadian organizations now have a dedicated chief AI officer, according to IBM research -
Cohere turns to Bell’s AI alliance for more Canadian compute capacity
Neocloud Buzz HPC will operate an expanded data centre in Merritt, B.C., with Hypertec providing the hardware to run Cohere’s models and tools -
Everything you need to know about the debate over stablecoin yields
This is why crypto platforms want to pay you to hold stablecoins—and why banks are worried -
German security tech firm sets up shop at Mila to develop new AI tools
Giesecke+Devrient is setting up a 15-person office in Montreal to work on technology for currency, identity and connectivity -
Crypto firms are paying stablecoin rewards despite a looming federal ban
A federal proposal would ban such payments, even as regulators approve Coinbase under strict conditions
Reach Canada’s Business, Tech and Policy Leaders
The Big Read
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Mining the moon. Selling nuclear reactors. For this Canadian, it’s all part of the plan
In the throes of a pandemic-fuelled midlife crisis, Daniel Sax founded a company to mine the moon. Now he has federal space contracts, and wants to power the Arctic with microreactors.
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Canada’s AI boom is about to collide with a major labour shortage
From data centres to housing, ports and pipelines, there’s a lot to build. The problem is there aren’t enough skilled tradespeople to do the building. -
ApplyBoard faces a reckoning as Canada’s immigration boom turns into a bust
The edtech unicorn turned the foreign-student bubble into a $4-billion Trudeau-era success story, but let workplace norms take a back seat to growth. Now everyone’s feeling the hangover. -
The Big Six’s visible—and invisible—bets on the AI data-centre boom
Canada’s biggest banks have at least US$37 billion in holdings in U.S-listed data-centre and digital infrastructure firms. Some global lenders are looking for ways to hedge their risk.
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