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GameStop ‘highly confident’ with US$20 billion TD letter
GameStop ‘highly confident’ with US$20 billion TD letter
GameStop’s US$56 billion bid for eBay, led by Canadian billionaire Ryan Cohen, is bolstered by a “highly confident letter” from TD Bank that provides about US$20 billion in debt financing for the takeover.
Shopify reports US$581M Q1 loss, revenue up YOY
Shopify Inc. reported a net loss of US$581 million for Q1 compared with a loss of US$682 million year over year. Revenue totalled US$3.17 billion, up from US$2.36 billion in Q1 2025.
OMERS sitting on massive Xanadu stock returns
When Christian Weedbrook founded Xanadu Quantum Technologies Ltd. (XNDU-T) a decade ago, he was determined to raise as much of his financing in Canada as possible. Some investors told him he was wasting his time.
Canada’s plan to ban crypto ATMs worries industry
A proposal from the federal government to ban cryptocurrency ATMs is drawing backlash from Canada’s digital asset industry, with industry leaders calling for consultation. It calls for a new financial crimes agency that would combat illicit financial activity.
Ottawa-based platform aims to fact-check social media
Nathalie Trepanier spent years as a reporter, covering crime for a number of media outlets in Ottawa and elsewhere. What she saw online bothered her. “I kept seeing lies being spread across social media with impunity,” she told OBJ.
Les Rechan named new CEO of MindBridge Analytics
Trailblazing software firm MindBridge Analytics, which specializes in software that uses artificial intelligence to help auditors detect irregularities and errors in accounting documents, said Thursday Les Rechan is taking over as CEO effective immediately.
Uber wants to turn its drivers into a sensor grid
Uber has a long-term ambition that goes well beyond shuttling passengers: the company eventually wants to outfit its human drivers’ cars with sensors to soak up real-world data for autonomous vehicle (AV) companies training AI models on physical-world scenarios.
Chinese robotic hand startup targets US$6B valuation
Chinese robotics startup Linkerbot, the global market leader in highly dexterous robotic hands for humanoids, will seek a US$6 billion valuation in its next financing round, double the valuation in a just-closed funding, the company said.
Roomba pioneer unleashes AI-powered pet robot
The robotics pioneer who helped unleash the Roomba vacuum is now betting that you might one day replace your beloved dog or cat with a plush robot that follows you around your home and adapts to your daily habits.
Are parental controls enough for teen use of AI chatbots?
Concerns are growing about how some young people are engaging with AI chatbots, with Meta recently releasing new tools that let parents monitor topics their children discuss, just as some provinces are considering a ban on AI chatbots for youth.
Canada ahead of global average on password security
Zoho has published research on workforce password security in Canada, with findings that place the country slightly ahead of the global average on several measures. The study surveyed 3,322 verified respondents across nine regions, including 174 in Canada.
It’s a weird time to be named Claude
Claude Colp was coming down an escalator at Boston's Logan International Airport when a giant orange billboard bearing his name came into view. His first thought was: “Is that for me?” It wasn’t. The sign was an advertisement for Claude.
Industry Events
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Toronto Tech Week
May 25 2026
to May 29 2026
Toronto -
Proptech Collective: AI Native: What It Actually Takes
May 28 2026
Toronto -
Tech Talent North - Eastern Edition
Jun 03 2026
Westin Harbour Castle, Toronto -
AWS Summit Toronto
Jun 03 2026
Metro Toronto Convention Centre -
Big Data & Analytics Summit Canada
Jun 09 2026
to Jun 10 2026
Toronto
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