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AI bringing structural changes to Canada’s economy
AI bringing structural changes to Canada’s economy
Bank of Canada Governor Tiff Macklem said in a speech given at Toronto’s Empire Club of Canada on February 5th that many entry-level jobs may vanish in the coming years as AI disrupts Canada’s labour market.
Shakudo converts customers to investors
Toronto-based software startup Shakudo converted some of its customers to investors with a US$7-million Series A2 round of financing from backers with ties to such clients as Loblaw and American healthtech company CentralReach.
TO-based AI company Cohere beats forecast
Toronto-based artificial intelligence company Cohere Inc. earned US$240-million in annual recurring revenue last year, topping its own forecast. Founded in 2019, Cohere builds large language models for enterprise customers, going up against OpenAI and Anthropic.
Sarnia startup soon to launch ride-share app
Pocketride, founded by Ansh Bhutani and Chamanvir Kaur, recently began providing its ride-share app to drivers and riders who pre-registered, and it is expected to be available to the public in March.
PwC Canada launches AI governance certification solution
ISO 42001 is the world’s first international standard for AI Management Systems, establishing an auditable framework to help organizations govern AI responsibly. PwC Canada says it is the first Big Four firm to offer accreditation services for the new standard.
Canada, Germany sign declaration of intent to grow AI field
Canada and Germany have signed a joint declaration of intent to work together on growing the field of artificial intelligence. The declaration of intent allows the two countries to focus on expanding AI research and address critical skills gaps.
Researchers develop AI tool to fight online disinformation
Researchers say artificial intelligence has helped them ramp up the fight against online disinformation. The Canadian Institute for Advanced Research says incorporating AI technology into its debunking tool CIPHER has allowed it to better keep up false and misleading claims.
Canada looking at Saudi Arabia, India for tech investments
Artificial Intelligence Minister Evan Solomon is visiting Saudi Arabia and India after a trip to Germany as part of an effort to drum up new investment in Canadian tech.
OpenClaw founder Steinberger joins OpenAI
Peter Steinberger, the founder of OpenClaw, is joining OpenAI. OpenAI's CEO Sam Altman says Steinberger will help drive the next generation of personal agents. OpenClaw is described as an assistant that can stay on top of emails, deal with insurers, check in for flights and perform many other tasks.
Airbnb says a third of customer support now handled by AI
Airbnb says its custom-built AI agent is now handling roughly a third of its customer support issues iacross North America, and is preparing to soon roll out its custom AI agent globally to tackle customer support issues.
Investor worries over AI cause market wipeout
Investors wobbled last week as they worked through the disruption AI is likely to cause across global industries, with further hiccups potentially bubbling through this week. But the reckoning should have been expected, argued Deutsche Bank.
Feds to spend $6.6-billion on Defence Industrial Strategy
Plan could have big benefits for Canadian tech, which spent 2025 embracing defence and is well-positioned to now provide some of the tech the Canadian Armed Forces requires.
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