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OpenText taps former IBM Americas president as new CEO

1 week ago

OpenText taps former IBM Americas president as new CEO

Kitchener Waterloo-based OpenText announced the appoitment of Ayman Antoun as its incoming CEO after longtime leader Mark Barrenechea was ousted amidst declining revenues. Antoun was previously president of IBM Americans where he led the company's Canadian business.

Ottawa in talks to bring news back to Meta's platforms

Meta and Ottawa have started talks to return Canadian news to Meta's platforms. Meta pulled Canadian news from Facebook and Instagram after Canada passed the 2023 Online News Act, requiring platforms to compensate news outlets when posting their content. 

Mila and Inovia launch AI venture fund

Quebec-based AI institute Mila and Montreal venture firm Inovia Capital have come together to launch an early-stage venture fund, seeking to support some 55 'AI-native' startups and help them commercialize their research.

Perplexity signs US$750 million AI cloud deal with Microsoft

AI startup Perplexity signed a US$750 million agreement with Microsoft to use its Azure cloud service. Nvidia-backed Perplexity will now look to run its AI models through Microsoft's Foundry program.

Canadian fintech Cyder secures $3M to fuel future growth

Credit union loyalty platform provider Cyder secures new seed funding to help it expand marketplace partnerships and grow its platform for Canadian and American credit unions. 

Could AI help kickstart Canada's productivity growth?

BNN Bloomberg speaks with Kevin Khang, head of global economic research at Vanguard, as to how AI could reshape economic growth and why Canada could be poised to benefit over the long term from such a transformation.

Canada's slumbering IPO market set for revival

Canada's slumbering initial public offering market looks set to revive in 2026, signaling renewed economic confidence that could help reverse a years-long corporate exodus from the Toronto Stock Exchange. 

France to ditch Zoom and Teams

In a move to assert greater digital autonomy from the U.S., France's civil servants will be dropping Zoom and Teams for meetings and moving to a homegrown video conferencing system.

Cyber breach affected 750,000 Canadian investors

The Canadian Investment Regulatory Organization (CIRO) says some 750,000 Canadian investors were targeted in a 'sophisticated phishing attack' that happend last year. The breach likely exposed the sensitive personal information of those impacted.

Canada Computers customer data compromised

Canadian technology retailer Canada Computers says personal customer information was likely compromised in a data breach. Customers checked in as 'guests' between December 29, 2025 to January 22, 2026 may have had credit card details and other information stolen.

CCA says Canada needs tech innovation strategy

The Council of Canadian Academics (CCA) says Canada and its federal and provincial governments need a technology innovation strategy in this time of economic uncertainty brought on by the trade war with the United States.

Elon Musk’s SpaceX officially acquires xAI

SpaceX has announced it has officially acquired Elon Musk's xAI, a merger that is meant to help Musk create space-based data centres, an idea that has captured the imagination of Musk in the last few months.

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