News
Ontario Teachers’ Pension Plan backs Fireworks in US$1.5B round to run AI for businesses
2+ hour, 18+ min ago (266+ words) The Logic Canada's Business and Tech Newsroom Atreides Management, Index Ventures and TCV led the Series D round, which values the San Mateo, Calif.-based firm at US$17.5 billion. Teachers’ Venture Growth unit made the pension plan’s investment. (The Logic)…...
Companies want the AI productivity boost, but not the big bills
11+ hour, 13+ min ago (697+ words) Firms that once encouraged unlimited use of AI are embracing “tokenomics” as soaring bills force a new focus on efficiency TORONTO — Not long ago, Gumloop’s clients were encouraging their employees to use as much AI as possible. Several put up…...
OpenAI adds to parental controls as it positions ChatGPT as a learning tool for teens
1+ day, 4+ hour ago (530+ words) Policymakers around the world are considering curbs on how children use chatbots, amid mental health and educational concerns TORONTO — OpenAI is slightly expanding parental controls in ChatGPT and touting it as an educational tool for teens, as policymakers around the…...
The small team in Montreal trying to save the world from AI
2+ day, 11+ hour ago (672+ words) LawZero is a humble non-profit with a startup vibe and a core of determined staff. Its quest to create safe AI is anything but modest. MONTREAL — Like many of us in early 2023, Yoshua Bengio was tooling around on ChatGPT, a…...
Anthropic commits $10M worth of Claude to Canadian research centres
3+ day, 1+ hour ago (251+ words) The Logic Canada's Business and Tech Newsroom The San Francisco-based firm is backing work at national AI institutes Amii, Mila and the Vector Institute; hospitals CHEO in Ottawa and the Centre for Addiction and Mental Health in Toronto; and post-secondary…...
The world’s leading AI models may be more Canadian than American, study finds
3+ day, 9+ hour ago (749+ words) A study into frontier AI models challenges assumptions that U.S.-built systems export American values, finding they often mirror Canadian views When the team at Toronto-based AI company Transformer Lab set out to test whether leading AI models espouse American values,…...
The real-world economic offshoots of sovereign AI
4+ day, 5+ hour ago (1174+ words) The post The real-world economic offshoots of sovereign AI appeared first on The Logic. Canada's Business and Tech Newsroom The western edge of Thompson Rivers University (TRU) in Kamloops, B.C. is alive with activity, as a small army of engineers, project…...
Alberta wants to be a model for government AI and power Canada-wide adoption
1+ week, 11+ hour ago (603+ words) The province has built its own AI tools to modernize its technology systems, and has open sourced the whole stack so that other public services and firms can do the same Alberta wants to be a model for how the…...
Cohere lands compute and development deal with Saudi Arabia’s AI firm Humain
1+ week, 1+ day ago (292+ words) The Logic Canada's Business and Tech Newsroom The Riyadh-based arm of the kingdom’s Public Investment Fund (PIF) is committing at least 50 megawatts of processing power to host and run the Toronto-headquartered company’s AI models and tools. Cohere and Humain will…...
Canadian firms are ready to help with digital sovereignty. Their challenge is getting approved
1+ week, 1+ day ago (669+ words) Montreal software company Nakisa spent 18 months documenting its security practices to qualify for contracts—a journey others will find long and costly, its CEO warns OTTAWA — A Quebec software company now has the security credentials to compete for sensitive Canadian…...