The natural-language processing company and quantum computing firm were recognized among the research institute’s inaugural list of 20 artificial-intelligence companies that “best reflect Canada’s AI startup ecosystem.” (The Logic)
The Ottawa-headquartered firm “recently made the decision not to move forward” with the project, said spokesperson Alex Lyons. But it will retain its space at Toronto’s King Portland Centre, and has plans to “further develop it to accommodate our needs.” The Toronto Star first reported the moves. (The Logic, Toronto Star)
Mining magnate Robert Friedland’s company is moving its head office from Vancouver to Arizona, new CEO Taylor Melvin said. (Bloomberg)
The parent company of Sobeys said its investigation into the Nov. 4 breach—which shut down pharmacy services for four days and some in-store services, including self-checkouts, for about a week—is ongoing. (The Logic)
The tech giant’s climate innovation fund was part of a consortium that extended the Washington startup Group14’s Series C round to a total of US$614 million. Multinational battery firm Molicel, which has had a presence in Canada since the late ’70s, also participated. (The Logic)
In a notification letter, the exchange said the Bitcoin mining company has 180 days to improve its stock price, wherein it must trade at US$1 or more for 10 consecutive days. Bitfarm’s stock had closed below US$1 for 30 consecutive days, triggering Nasdaq’s warning. (The Logic)
Changpeng Zhao, the Chinese-Canadian CEO of the world’s largest cryptocurrency-trading platform by volume, told staff that “while we expect the next several months to be bumpy, we will get past this challenging period,” in a memo obtained by Bloomberg. (Bloomberg)
Internal research conducted over two years found guests perceived to be Black had a 91.4 per cent acceptance rate for bookings made in 2021, while those perceived to be white had a 94.1 per cent acceptance rate. Hosts accepted bookings from guests perceived to be Asian and Latino or Hispanic 93.4 per cent of the time. (The Logic)
The group of Republican state attorneys general has sent letters asking Google CEO Sundar Pichai and Apple CEO Tim Cook to change the social media app’s ratings from current ones indicating it’s appropriate for teens, as it frequently contains adult content. (The Wall Street Journal)
Shaw is losing ground to Telus as an internet provider and Videotron is better able to run its Freedom Mobile wireless division, Shaw’s and Videotron’s lawyers argued to the Competition Tribunal, defending Rogers’s buyout of the western telco on the last day of tribunal hearings. The competition commissioner, who opposes the deal, “has not put forward a scintilla of evidence to challenge many elements of my client’s proposed acquisition” of Freedom, Videotron lawyer John Rook told the three-member panel hearing the case. (The Logic)