The U.S.-based Mathematical AI Safety Institute (MAISI) will develop “precise, robust, and reusable methods” to put numbers onto the risks of the technology and spur ways of addressing them. Jacob Tsimerman, a University of Toronto professor who won the Fields Medal in July, will be the organization’s scientific director. (The Logic)
Prime Minister Mark Carney defended his choice to “walk away” from a deal with the White House, arguing after retaliatory tariffs on nearly $28 billion worth of U.S. goods took effect that the Trump administration “wanted dependency, not a true economic partnership” from Canada. (The Logic)
Tamarack Valley Energy and Headwater Exploration announced Tuesday they are combining to form a new mid-sized producer in Alberta’s Clearwater oil region, which will pump more than 80,000 barrels of oil equivalent a day. The all-stock deal values Headwater’s shares at roughly $3.2 billion. (The Logic)
Canada has won the trust of global capital, but still lacks enough large, bankable projects to absorb it, according to two new Canada Pension Plan Investment Board research papers released ahead of the Sept. 14-15 Canada Investment Summit, which the pension fund is co-hosting. (The Logic)
The U.S. Federal Trade Commission alleges the Montreal company processed payments for businesses it knew, or should have known, were running frauds. In addition to the fine, Nuvei has agreed to stop processing payments for high-risk merchants, and to follow strict rules for vetting clients. (The Logic)
A new paper led by Alex Zhavoronkov, whose AI-based pharma company has much of its brain trust in Montreal, argues that tests of a potential Insilico treatment for a lung condition suggest clinical trials for drugs aimed at diseases related to aging should also look at whether those drugs can reverse aging more generally. (The Logic)
Tariffs on drones weighing more than 25 kilograms or equipped with thermal cameras kicked in right after midnight Thursday morning, doubling the cost of imports to the United States from most sources. The new rules put lower tariffs on some countries, including Japan, South Korea and European Union members, but not Canada. Additional tariffs on drone parts are to apply starting Feb. 9, 2027. (The Logic)
“We have observed exactly what the U.S. position was,” AI Minister Evan Solomon said. He was responding to The Logic’s question about Trump administration officials and AI CEOs urging other countries to minimize new regulation. “Our responsibility will always be and is currently to protect Canadians on our own terms,” Solomon said. (The Logic, Bloomberg, The Wall Street Journal)
The maker of radio-jamming devices used against drones and remote-controlled bombs owes creditors more than US$80 million, says a court order, amid a decade of declining sales as western troops have withdrawn from the Middle East. (The Logic)
The Valcourt, Que.-based company reported stronger-than-expected off-road vehicle sales that helped offset the impact of U.S. tariffs. It had suspended its forecast in April. (The Logic)