The value of global software acquisition deals fell to US$50 billion in the first five months of 2026, down from US$88 billion for the same period last year—the lowest total for the period since 2020, according to a PitchBook analysis by the Financial Times. (Financial Times)
Recursive self-improvement, where an AI system can autonomously design and develop a better version of itself, “could come sooner than most institutions are prepared for,” said the company’s in-house think-tank. That could lead to new scientific discoveries and other benefits, but also risks humans losing control over AI. (The Logic)
The federal government says it will give people more time to weigh in on sweeping changes to the approval process for major projects before it tables the legislation in Parliament. (The Logic)
State Sen. Stuart Adams declared victory after the flamboyant Canadian investor agreed to use 75 per cent less land for a data centre complex northwest of Salt Lake City, to protect water and wildlife and capture more waste heat. Adams is president of the state senate, in which his Republican party holds 22 of the 29 seats. (The Logic)
The Vancouver-based athleisure company “experienced spikes of negative commentary in the media” and product launches that have not been well received, said interim co-CEO and CFO Meghan Frank in a conference call Thursday, citing a recently resolved public battle over the company’s leadership with founder Chip Wilson, and product reveals that included see-through leggings and unflattering butt seams. (The Logic)
Employers added some 88,000 positions, dropping the unemployment rate to 6.6 per cent from 6.9 per cent, Statistics Canada reported. The percentage of the working age population with a job rose to 60.7 per cent, the first increase since November. (The Logic)
The lender has agreed to buy over 18,000 carbon removal credits from Deep Sky over the next decade for an undisclosed price, the companies said Thursday. The cleantech firm uses direct air capture technology to suck carbon dioxide from the atmosphere, before injecting it deep underground for permanent storage. (The Logic)
The Kitchener, Ont.-based company said Avenue Growth Partners led the Series A round, with small participation from Breakwater Ventures, an early investor. (The Logic)
The Canadian Security Intelligence Service joined its counterparts in the Five Eyes alliance in saying they believe agents working for China have been posting fake employment ads for defence and foreign-policy analysts. When people with access to government information apply, the warning said, the recruiters pump applicants for valuable secrets. Even a mere tidbit of unclassified information can be combined with others and help China undermine Canada’s and its allies’ interests, the agencies said. (The Logic)
Researchers used a secure digital lab to build a prototype of a worm, or digital invader, that was able to spread between interconnected devices without human intervention, showing publicly available AI models can be used to engineer sophisticated threats. (The New York Times)