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The foundation of Onex CEO Gerald Schwartz and Indigo CEO Heather Reisman is making the school’s largest-ever donation. It will fund a 750,000-square-foot facility that will include a new institute named for Schwartz and Reisman to study AI-related ethical issues. The complex, which was first announced in July 2018, will also house the Vector Institute. (Toronto Star)

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Talking point: The Schwartz Reisman Institute for Technology and Society is likely to have an easy time attracting people who want to study the ethical implications of AI; it’s become a key part of the nascent Canadian subsector’s brand. Earlier in March, the federal government released a policy that requires the civil service to assess the impact of using algorithms and inform the public when decision-making is partly or entirely automated. And, Scotiabank is among the companies that have bought into Montreal-based Integrate.ai’s framework for responsible AI use. That do-no-harm image is good marketing in the international battle for AI talent and investment.

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The UPP was established on January 1 as a jointly sponsored pension plan meant to “enhance the long-term sustainability of Ontario university pension plans.” It will replace five pension plans worth approximately $10 billion in assets in place at Queen’s University, the University of Guelph and the University of Toronto, with plans to serve other Ontario universities. (The Logic)

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Talking point: Before taking the job, Zvan was the chief risk officer at the Ontario Teachers’ Pension Plan, a position she left in February after almost 25 years with the fund. She was one of four members of a federal expert panel on sustainable finance that was created in 2018. The panel—chaired by Tiff Macklem, now Bank of Canada governor—delivered a final report last summer, urging Canadian businesses to enforce standards for tracking and reporting on how climate change could impact businesses and make routine climate disclosures to investors. According to a UPP spokesperson, there are approximately $25 billion in assets across 32 pension plans up for grabs in the Ontario university sector. UPP still needs to be approved by the Financial Services Regulatory Authority of Ontario and the Canada Revenue Agency. It expects the fund to be operational by July 1, 2021.

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The Toronto-based classroom tech company plans to focus on selling digital versions of the 400 textbooks it snapped up from Nelson Education, Canada’s largest education publisher. (The Globe and Mail)

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Talking point: The deal will make Top Hat one of the continent’s largest publishers of college textbooks. Founded in 2009 as a sort of digital storefront for educational content, the company aimed to digitize the textbook business—which, much like the music industry, was slow to move from selling objects. Mike Silagadze, CEO of the Inovia Capital-backed company, believes printed textbooks will be a nearly extinct species by 2023.

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Western’s Ivey business school came in 87th, up from 94th last year and beating out both McGill’s Desautels school, which dropped four spots to 91st, and the University of Toronto’s Rotman school, which fell nine places to 94th. (Financial Times)

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Talking point: Harvard University took the top spot in the ranking for the first time since 2015. The ranking lists the top 100 MBA programs in the world based on 20 criteria, including an alumni survey, research output and salary percentage increases for students after taking their MBA. Ivey graduates saw an 85 per cent salary increase, the highest of any Canadian school, but near the bottom globally. The Shanghai University of Finance and Economics’ business graduates, for example, had a 216 per cent salary increase.