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RBC to expand Vancouver banking and innovation hub

1 week ago

RBC to expand Vancouver banking and innovation hub

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RBC has an ambitious plan to grow its Vancouver AI research institute hub, the company announced. The bank said it has a goal to achieve $700 million to $1 billion in enterprise value generated from AI-driven benefits by 2027.

Anthropic confidentially files to go public in U.S.

AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering. The move sets up a high-stakes test of whether investor appetite for the AI revolution can match the sky-high expectations surrounding the booming sector.

Anthropic to give Mythos to EU body before wider release

Anthropic PBC is set to give the European Union’s cybersecurity body access to Mythos, the first EU agency to get access to the powerful artificial intelligence tool that officials fear may be used to exploit vulnerabilities in key computer systems.

Federal AI plan includes new domestic investment fund

Ottawa will launch a new investment fund to support artificial intelligence startups and add hundreds of millions of dollars to an existing program, according to a sources. The new Canadian Tech Growth Fund will take equity stakes in Canadian companies.

Google’s chief economist backs Ottawa’s 'AI for all' strategy

Tech giant Google’s (GOOG-Q) chief economist says the federal government is on the right path with its “AI for all” approach as Artificial Intelligence Minister Evan Solomon prepares to launch a national AI strategy this week.

Cohere supports the load-bearing walls of our economy

Nick Frosst thinks there are only a handful of countries in the world at the frontier of the AI race. The United States. China. France, where Mistral holds the flag alone. Canada has chosen Cohere as its global champion.

Pearson airport a proving ground for innovation

Toronto Pearson International Airport handled nearly 48 million passengers last year. That volume makes it one of the busiest airports in North America. It also gives it an unusually powerful role in the country’s innovation economy. 

CGI and Telia announce new strategic partnership

CGI (GIB.A-T), one of the largest independent IT and business consulting services firms in the world, and Finland based technology company Telia have signed an agreement for a business transaction as well as a strategic partnership.

Google’s 24/7 AI assistant Gemini Spark put to work

Gemini Spark is Google’s new 24/7 agentic assistant, designed to help you “navigate your digital life,” which essentially means getting your online to-dos done, summarizing your inbox and screen time-filled manual labor like a personal expenses spreadsheet.

AI coding agents shouldn’t replace humans: Cognition CEO

Cognition CEO Scott Wu made headlines recently when his AI coding agent startup raised US$1 billion at a US$26 billion valuation. Cognition is behind Devin, one of the first and, arguably, most successful AI coding agents.

Bluesky embraces long-form content to counter X Articles

Bluesky rolled out a new version of its app that integrates with Standard.site, a community project for building long-form content on the same underlying protocol that powers Bluesky. Users can now explore content beyond Bluesky microblogs and short posts.

Lawsuits that allege social media harms threaten big tech

A flood of lawsuits filed in recent years against social media giants claim that by engineering their platforms to be hard to resist, they are causing serious harm to young users as supported by jury decision in March.

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