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Tribe Property Technologies to about to book its first profits: CEO
Tribe Property Technologies to book its first profits: CEO
Tribe Property Technologies CEO Joseph Nakhla says his company took a significant step toward profitability with its latest financial results. The Vancouver-based building management software developer sees its AI-enhanced platform driving growth despite challenges in Canada’s housing real estate market.
Lightspeed sells unit for fraction of purchase price
Lightspeed Commerce Inc. has sold a declining U.S. business for a fraction of the US$430 million it paid for it in 2020, part of a continuing focus on areas where the Montreal-based point-of-sale software company has more success.
BluWave, other Ottawa firms, eye IP licensing business
After nearly a decade of developing cutting-edge software to make electricity providers, data centres and EV batteries more efficient, Kanata-based BluWave-ai has launched a new business unit that is going to license its growing patent portfolio to other organizations.
Gofer.run app designed to help Canadians save money
If Mark Sherry has his way, people will soon forget about the most popular search engine when they shop for bargains. Entrepreneur Sherry has just released a new app to help people find the best possible grocery deals.
Companies brace for patches to address Mythos AI threat
Canadian companies are marshalling resources, setting up war rooms and assembling specialized teams to prepare for an onslaught of software fixes from tech giants trying out Anthropic’s powerful new artificial-intelligence model.
Legal AI startup Legora hits US$5.6B valuation
Nvidia has laid a new brick in its AI empire. NVentures, its corporate VC fund, has backed Legora, reportedly its first legal AI investment. Leveraging AI to streamline legal work, the Swedish-born tech startup is competing with U.S.-based Harvey.
Sources: Anthropic could raise a new US$50B round
The maker of Claude AI assistant has received multiple preemptive offers to raise fresh capital of around US$50 billion, at a valuation in the US$850-billion to US$900-billion range, according to multiple sources.
Google expands Pentagon’s access to its AI resources
Google granted the U.S. Department of Defense access to its AI for classified networks, essentially allowing all lawful uses, according to multiple news reports. It follows Anthropic’s public stand where it refused to grant the Trump administration the same terms.
Australia forces big tech firms to pay for news
Australia is getting serious about making Big Tech pay for news. The country’s government unveiled draft legislation on Tuesday that would require companies like Meta, Google and TikTok to pay for journalism they aggregate or reshare, or face a levy.
Reddit beats sales expectations on continued ads growth
Reddit Inc. has continuing its streak of strong revenue growth powered by a surging advertising business. Revenue in Q2 will be US$715 million to US$725 million. Analysts projected US$714 million, according to Bloomberg.
Young Canadians want less addictive AI chatbots
A new report focusing on the perspectives of young people says the government should order AI companies to take steps to curb the addictive aspects of their AI chatbots, on conclusions determined by youth-focussed roundtables across the country.
Robot dogs roam around Berlin museum in new exhibit
Robot dogs with hyper-realistic silicone heads modeled after world-renowned figures — including Elon Musk, Mark Zuckerberg, Jeff Bezos, Andy Warhol and Pablo Picasso — can be seen roaming around a Berlin museum, occasionally “pooing” printed images of their surroundings.
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