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Dream Photonics takes aim at $150B data-centre market

1 week ago

Dream Photonics takes aim at $150B data-centre market

Vancouver-based Dream Photonics is hoping its technology can help solve a key manufacturing bottleneck in the rapidly growing AI and data-centre industry, while giving it a foothold in a market worth billions of dollars.

Teachers invests $50M in legal AI firm Harvey

Ontario Teachers’ Pension Plan has placed a bet in the crowded, fast-growing artificial intelligence-powered legal software space, investing US$50 million in Harvey AI Corp., one of the leading platforms selling smart digital tools to lawyers.

Bell, Cisco sign deal to partner on AI infrastructure

Bell Canada and U.S. technology company Cisco say they will collaborate to provide sovereign AI infrastructure for Canadian customers. The pair announced they have signed an MOU that will make use of Cisco’s AI, networking, security and infrastructure technologies.

AI coding service Cognition hits $1B in annualized revenue

Cognition AI Inc. is on track to generate annualized revenue of US$1 billion based on its performance this month, roughly doubling the AI coding startup’s run rate from four months ago. Cognition streamlines the process of writing and debugging code.

Quantum leaders sound the Q-Day alarm

Leading researchers say quantum computers will eventually be powerful enough to crack current encryption methods, making all kinds of sensitive company and personal data vulnerable to cybersecurity breaches. They disagreed, however, on how far away that reality might be.

Visa joins growing alarm over AI-powered risks

Visa has open-sourced part of its AI-powered cyber defence system after “humbling” lessons from vulnerabilities exposed by AI models, as the payments giant braces for autonomous cyberattacks and future quantum-computing threats. Visa processes roughly a billion payments a day.

OpenAI delays latest model over security concerns

OpenAI is delaying the release of a new artificial intelligence model, called GPT-6.1 Astra, out of security concerns voiced by its researchers, the latest in the company’s effort to decelerate the pace of the technology’s advance.

OpenAI models explore U.S. federal government sites

OpenAI said it has paused training of its latest artificial intelligence models following disclosure Friday that it was reviewing several incidents from the summer in which OpenAI agents searching federal government websites acted in unexpected ways.

Women face barriers in tech careers without sponsorship

Toast Institute says women in middle management receive significantly less professional sponsorship. For those looking to climb the corporate ladder, professional sponsorship plays a big role in when and how people get promoted.

Feds give Mitacs $162M for AI internship program

The federal government is putting $162 million behind a plan to make AI adoption easier for non-technical small and medium-sized businesses unveiling an AI internship program that seeks to bring young AI talent to Canada’s small and medium-sized businesses.

Descartes can reduce trade data research by 90%

Descartes Systems Group announced a new conversational AI capability that helps sourcing, sales, supply chain and market intelligence teams reduce global trade data research and analysis time by up to 90%, depending on the user’s experience and query complexity. 

Autonomous vehicle companies pick their lanes

A couple of announcements this week highlighted the strategy of scale through partnerships. Wayve locked in a commercial partnership with Mercedes-Benz to integrate the startup’s automated driving tech into at least one model set to be deployed within the next two years. 

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