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Kraken Robotics touts benefits of $615M Covelya acquisition

1 week ago

Kraken Robotics touts benefits of $615M acquisition

TechNXTechnologyTechNX

Kraken Robotics Inc. (PNG-X) reported modest revenue growth in its final quarter before completing the $615-million acquisition of Covelya Group, a deal that sharply expands the Canadian marine-technology company's market reach.

Kepler's space-based data centres come online

TelecommunicationsBetakit

Toronto-based Kepler Communications says it has brought online the first commercial space data relay service, effectively creating orbital data centres. Kepler's satellite constellation is now delivering real-time, space-based computing to its commercial and government customers.

Calian to sell its U.S. commercial IT business to Trace3

TechnologyGlobe Newswire

Calian Group Ltd. (CGY-T), a mission-critical solutions company focused on defence, space, healthcare and other critical infrastructure sectors has entered into a definitive agreement to sell its United States commercial IT business to Trace3.

Timia Capital expands B2B tech lending capacity

FinanceBetaKit

Toronto-based Timia Capital has bolstered its lending capacity by $60 million in order to provide larger loans to more business-to-business technology companies with minimum $2 million in annual recurring revenue and gross margins of 50 per cent.

New Ventures BC Competition has its top 10 finalists

StartupsVanTech Journal

Innovate BC's 2026 New Ventures BC Competition announced its top 10 finalists after seven months of pitches, coaching and multiple judging rounds. Six are Vancouver-based: Dream Photonics, Enya Learning, Radiant Fluidics, TruthSayer AI, VEGAIN Nutrition, and VitaPulse Technologies.

Artists demand consent and pay in AI music boom

AIToronto Star

Cadence Weapon never gave artificial intelligence (AI) permission to learn from his music. But the Edmonton-raised rapper, born Rollie Pemberton, says he recently found 129 of his songs in datasets used to train AI music generators.

AI’s memory crunch is coming for Android apps

AITechCrunch

Google (GOOG-Q) is making changes to its requirements for Android apps as developers face industrywide memory chip shortages driven by the AI data centre boom. One of the requirements reduces apps’ memory usage and another optimizes its code.

Tencent claims its new AI Model outperforms rivals

AIBloomberg

Tencent Holdings Ltd. released a foundation model it says outperforms Moonshot and Z.AI in internal tests, claiming a place among China’s top AI players. The Hy4 Preview model runs on 770 billion parameters and features a one million-token context window.

Meta’s $18B child-safety deal hinges on age-verification

Customer ExperienceTechCrunchGlobe and Mail

Meta reached an US$18-billion settlement on Wednesday over a lawsuit brought by 29 U.S. states concerning children’s safety. The settlement is historic in scale as Meta agrees to implement sweeping changes to how minors use Instagram and Facebook.

Hugging Face unveils $400 singing, skating duck-like robot

RoboticsBloomberg

AI platform Hugging Face Inc. unveiled a singing US$400 bipedal robot — aptly named Microduck — that can be taught tricks, the latest in the company’s ongoing effort to make AI and robotics more approachable to the general public.

GM Canada is steering global mobility strategy from Ont.

RoboticsBetakit

Anyone who has shared a vehicle knows it involves compromise. One driver shifts the seat, while the other moves the mirrors and drops the steering wheel. For engineers at GM Canada, easing that handoff was a technological challenge worth taking on.

Test drivers are getting hurt as robotaxis scale

RoboticsTechCrunch

The rapid scaling of robotaxis over the last two years has come with a hidden human cost. Test drivers for Waymo and Zoox sustained more than two dozen injuries in 2024 and 2025 from hard braking or other sudden movements.

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