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  • Dec 20, 2024 | betakit.com | Josh Scott

    2024 was the year that British-Canadian computer scientist Geoffrey Hinton won a Nobel Prize in Physics for his contributions to the field of artificial intelligence (AI). 2024 reinforced that Canada lacks the resources to win the AI war on all fronts. His victory is a reminder of Canada’s strong tradition of AI research and talent, which has set it apart from other countries and fuelled the development of some promising domestic AI players.

  • Dec 19, 2024 | betakit.com | Josh Scott

    Finland-headquartered Hostaway, which sells management software to short-term rental owners and operators, has announced $365 million USD in strategic growth financing to fuel its European expansion and product and artificial intelligence (AI) development efforts. Once this transaction is complete, General Atlantic and PSG Equity will be “significant minority shareholders.”The round is being led by New York’s General Atlantic with support from existing Boston-based backer PSG Equity.

  • Dec 17, 2024 | betakit.com | Josh Scott

    Many of the biggest Canadian technology-related items in the Government of Canada’s 2024 Fall Economic Statement (FES) were previously announced late last week. These announcements include a renewal of the Venture Capital Catalyst Initiative (VCCI), Scientific Research and Experimental Development (SR&ED) tax credit reform, programs to encourage more private investment in mid-cap growth firms and pension fund support for artificial intelligence (AI) data centres.

  • Dec 12, 2024 | betakit.com | Josh Scott

    D-Wave Quantum has raised $175 million USD ($246 million CAD) in gross proceeds through a recent stock sale. The Canadian-founded, New York Stock Exchange (NYSE)-listed quantum computing company plans to use this capital to fuel its technical development efforts and business operations. Following this financing, D-Wave expects to close out 2024 with at least $160 million in cash. D-Wave generated $1.9 million in revenue and a net loss of $23 million in Q3.

  • Dec 2, 2024 | betakit.com | Josh Scott

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