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Bank execs, regulators discuss risks of Anthropic's AI model
Bank execs, regulators discuss risks of Anthropic's AI
Canadian bank executives and regulators met on Friday to discuss cybersecurity risks posed by Anthropic’s new AI model, a powerful tool that has raised concerns it could be used to help threat actors exploit software vulnerabilities.
Venture capital challenges requiring collective action
Recent data shows that the bottom effectively fell out of Canadian venture capital around 2023, erasing the post-pandemic highs and taking the country back about a decade in terms of both dollars raised and dollars deployed by our nation’s VCs.
AppDirect completes sixth acquisition in past year
Canadian-founded, San Francisco-based AppDirect has acquired Toronto’s PartnerStack, which provides partner relationship management (PRM) software. AppDirect helps other firms buy, sell, and manage recurring tech services. The deal will help it create “the unified subscription commerce platform for partner-led growth.”
AI firm Cohere to merger with Aleph Alpha: sources
Canadian AI company Cohere Inc. is in talks to merge with German AI player Aleph Alpha GmbH. A deal would have large implications for the Canadian AI ecosystem and Cohere’s ability to compete in a capital-intensive, tech giant dominated industry.
Amazon to buy Globalstar for $11.57B
Amazon is moving in on the orbital mobile connectivity market that’s currently dominated by Elon Musk’s Starlink. It has agreed to buy satellite company Globalstar, known for powering Apple’s “Emergency SOS” feature, for $11.57 billion in cash.
Cloudflare expands Agent Cloud for AI agents
Cloudflare has expanded its Agent Cloud with new tools for building and running AI agents. The update adds compute, storage, sandboxing and development tools intended to move AI agents from early experiments into broader operational use.
FintechOS launches AI platform for banks & insurers
FintechOS has launched a customer technology preview of FintechOS 8, a new version of its platform for banks and insurers. The platform brings together product operations, data and governed AI execution across the lifecycle of financial products.
OpenAI has bought AI personal finance startup Hiro
OpenAI has acquired personal finance startup Hiro Finance according to an announcement by founder Ethan Bloch. The startup was backed by A-list fintech VC firm Ribbit, as well as General Catalyst and Restive. Terms of the acquisition were not disclosed.
Hootsuite founder Ryan Holmes returns to CEO role
The CEO of Hootsuite has stepped down after spending the last several months defending a contract between the company and a controversial U.S. government department, making way for the firm's founder to return on an interim basis.
BMO to open institute to boost quantum computing, AI
Bank of Montreal (BMO) is opening an institute that will focus on boosting its quantum computing and artificial intelligence capabilities. The bank aims to use technologies to optimize investor portfolios and to aid anti-money laundering processes.
H&R Block survey finds ChatGPT not friendly for tax filing
Canadians are open to embracing artificial intelligence (AI) in their homes, work, finances and romance, but many are taking risks by inputting sensitive financial or personal information into open AI tools, reveals a new survey from H&R Block Canada.
Police probing network that hacked household devices
Police have seized tens of thousands of dollars in cryptocurrency as part of an investigation into a global cybercrime operation allegedly run from Canada that harnessed household electronic devices to launch some of the most powerful online attacks ever seen.
Industry Events
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Toronto Tech Week
May 25 2026
to May 29 2026
Toronto -
Proptech Collective: AI Native: What It Actually Takes
May 28 2026
Toronto -
Tech Talent North - Eastern Edition
Jun 03 2026
Westin Harbour Castle, Toronto -
AWS Summit Toronto
Jun 03 2026
Metro Toronto Convention Centre -
Big Data & Analytics Summit Canada
Jun 09 2026
to Jun 10 2026
Toronto
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