Canadian Prime Minister Mark Carney, U.S. President Donald Trump and other government heads met Wednesday with the likes of OpenAI’s Sam Altman, Anthropic’s Dario Amodei, Google DeepMind’s Demis Hassabis and Cohere’s Aidan Gomez. “There was a consensus around figuring out a way to align standards between the democracies,” said Gomez, citing issues like use of the technology for economic gains, child safety and cyber threats. He was speaking at the VivaTech summit Thursday. (The Logic)
Frontier, a group of companies that funds carbon removal projects, said that Stripe, Google, Shopify, Salesforce, H&M and Anthropic are among the backers of a new US$915-million funding pool. (The Logic)
The miner said that it expects higher capital investments in its Jansen project will cut into the value it can get from future growth. It expects total investment in the second stage of the project will rise to US$6.9 billion, up from original estimates of US$4.9 billion. (The Logic)
Wiebe, who heads the Canadian Startup Capital Association, was arrested in Saskatoon on May 17 after allegedly entering an apartment naked and committing an indecent act. Police said last month that the accused, then unnamed, was allegedly intoxicated and unknown to the occupants of the apartment. He was taken into medical care after the incident. The allegations haven’t been tested in court. (The Globe and Mail)
Canada ranks 14th among the world's 25 largest data-centre investment hubs for risk of damage from climate-driven extreme weather, according to a new report from Sydney-based analytics firm Cross Dependency Initiative (XDI). The study examined 2,595 planned data centres globally and found Canada ranked ahead of both the U.S. (23rd) and the U.K. (24th). (The Logic)
The Vancouver-based retailer held a yoga event at China’s Great Wall featuring actor Zhu Yilong and a large drum—one that resembled a Japanese taiko drum. The activewear company apologized on the social media site Weibo, saying it should have been more cautious and thorough, and that “due to limitations in our professional knowledge, we were unable to identify potential controversies.” (Financial Times, Nikkei Asia)
The Oklahoma City Thunder’s star Canadian guard on Tuesday posted an Instagram story on which his personal insignia morphed into Nike’s logo. The athletic firm later confirmed it had recruited Gilgeous-Alexander to its endorser portfolio. (Bloomberg)
A tentative U.S.-Iran peace deal could set the stage for a global oil supply glut next year, the International Energy Agency said Wednesday. Global oil demand is projected to rise by roughly two million barrels per day next year, while supply could surge by 8 million barrels per day, the agency said in its first look at 2027 crude oil balances. (The Logic)
Hanwha Ocean has signed a non-binding memorandum of understanding with the developers behind a proposed liquefied natural gas project near Prince Rupert, B.C., amid the South Korean firm’s push to secure a major defence contract in Canada. (The Logic)
The Texas-based data-centre operator plans to list on the New York Stock Exchange, according to documents filed with the U.S. Securities and Exchange Commission. The company hasn’t disclosed how much money it plans to raise through the offering, or set a target share price. (The Logic)