Murad Hemmadi
Reporter at The Logic
I cover artificial intelligence and other deep technologies for @the_logic | @macleans @cdnzbiz before | [email protected]
Articles
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3 weeks ago |
thelogic.co | Murad Hemmadi
The Canadian startup has “entered into a transaction” with the Santa Clara, Calif.-based chip giant, and will “no longer be supplying or supporting” its hardware and software products, Bob Beachler, Untether’s vice-president of product, said in a statement. AMD spokesperson Brandi Martina said the firm is acquiring “a talented team of AI hardware and software engineers.” Neither side disclosed terms of the deal.
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3 weeks ago |
thelogic.co | Murad Hemmadi
Indian Prime Minister Narendra Modi has not received an invitation to the G7 meeting Canada is hosting in Kananaskis, Alta., amid chilled relations between both countries, according to unnamed officials in New Delhi. (Bloomberg)Talking point: Canada has long wanted to expand access to India’s fast-growing market, but there remains relatively little direct trade between the countries.
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3 weeks ago |
thelogic.co | Murad Hemmadi
BOX will remain a separate unit of its San Francisco-headquartered acquirer, but the two will connect their software platforms, said Andy Ellerhorst, AppDirect vice-president of corporate development. Suffern, N.Y.-based BOX’s 40-plus staff will all join AppDirect’s workforce of over 1,000. (The Logic)Talking point: Brokers working for businesses like residential building owners and industrial facilities use BOX’s platform to source power from utilities.
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3 weeks ago |
thelogic.co | Murad Hemmadi
The Toronto-based AI startup is in financing discussions and is seeking a valuation over US$5.5 billion, sources told the Financial Times. “We don’t comment on market rumours,” Cohere spokesperson Josh Gartner told The Logic. (Financial Times, The Logic)Talking point: Cohere has raised about US$1 billion to date. That’s a huge sum for a Canadian technology company but not all that much in the world of generative AI megarounds.
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3 weeks ago |
thelogic.co | Murad Hemmadi
EDMONTON — To ensure the water that flows to residents of Drayton Valley, Alta., is clean and drinkable, the town’s treatment plant must constantly tweak the filters and chemicals that keep out unwanted bits and bacteria. Instead of humans twirling the knobs, it’s AI at the controls. Generative tools powered by large language models (LLMs) have attracted most of the attention and funding in the recent AI boom, with developers promising they will boost the productivity of office workers.
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Scoop: Cohere has sold its services to the Canada’s cyber intelligence agency, internal government documents obtained by @the_logic show. The AI firm landed a contract with the Communications Security Establishment as it pushes into the public sector. https://t.co/NB4eNqoED0
New: Fintech firm Sezzle is suing Shopify, accusing the Canadian commerce company of trying to monopolize buy now, pay later across its merchant base $SEZL says $SHOP locks stores and consumers into Shop Pay Instalments, its #BNPL service powered by $AFRM https://t.co/v2mkfMPkwE
RT @emmabuchanan_: Ottawa wants to build 500,000 homes per year, but decades absent from affordable housing might mean they've lost the exp…