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Amazon takes aim AI 'value gap' disappointment at its new Toronto hub
Amazon takes aim AI 'value gap' disappointment at TO hub
At Amazon’s (AMZN-Q) artificial intelligence (AI) hub in Toronto, the tech giant and its partners say they’re selling a rarity in the world of AI for business: fixed prices and guaranteed results.
CSE hacks drug traffickers, extremists, ransomware gang
Offering a rare glimpse at the priorities of a top spy organization, Canada’s Communications Security Establishment (CSE) said it conducted a handful of state-authorized hacks last year in order to disrupt the operations of drug traffickers, violent extremists and a ransomware gang.
BGO Properties partners with Visitt for AI CRE operations
BGO Properties and Visitt, a property operations platform powered by AI, have partnered to deliver solutions across a national portfolio of commercial real estate assets.
Alistair Croll built a virtual conference just for AI agents
Envoi Platform is a virtual space for conferencegoer’s AI agents to gather at a virtual version of the event’s “booths,” attend artificial “talks,” and “meet” with other attendees’ AI agents to build a parallel profile of attendees at real-world events.
Waterloo's Descartes acquires delivery platform Driv.in
Waterloo-based supply-chain technology firm Descartes is building out its logistics portfolio in Latin America with the acquisition of Santiago, Chile-based Driv.in. Descartes bought Driv.in on Monday for $42.6 million in cash. Driv.in manages and plans delivery routes,
Fast-growing Canadian AI startup you’ve never heard of
How Simon Eskildsen moved from Denmark to Ottawa and came to run one of the most intriguing companies in AI today can be traced to when he dropped his iPhone as a teenager and broke the screen.
Orqa and Remote Robotic Systems launch partnership
Remote Robotic Systems (RRS) Inc., a Canadian drone supplier, and Orqa, a drone manufacturer, signed an exclusive partnership agreement to expand production of Orqa systems and components in Canada, with the goal of supplying both domestic and export markets.
CPP spends $2.4B with EQT for AI infrastructure
Canada Pension Plan Investment Board is investing $2.4 billion with Swedish private equity firm EQT and its EdgeConneX data centre developer and operator to build AI infrastructure, increasing the fund’s exposure to a sector with durable, long-term demand drivers.
The ‘first’ AI-run ransomware attack still needed a human
Researchers at cloud security firm Sysdig said they’d documented the first known case of “agentic ransomware.” It was an extortion operation, dubbed JadePuffer, in which an AI agent handled the technical execution of a real-world cyberattack from start to finish.
Apollo CEO says stalled S&P 493’s a big-tech risk
Apollo Global Management Inc.’s Torsten Slok warned that companies outside the giants of the technology sector are failing to show gains in profitability from their spending on AI, posing risks to Big Tech valuations.
Microsoft cuts 4,800 jobs globally, restructures Xbox unit
Microsoft said it would cut 4,800 jobs, or about 2.1 per cent of its global work force, overhauling its Xbox gaming business and divesting up to five studios as it looks to boost returns after years of heavy investment in the division.
Why copper theft is on the rise and costing millions
The value of copper has skyrocketed in the last number of years. The pink orange metal has been in high demand for data centres, telecommunications services and EV charging stations. But the increased value of copper has led to a rising number of thefts.
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