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Canada invests up to $1.6 billion in Cohere; feds plan wider tech equity fund
The investment signals a strategic shift from traditional government lending toward direct equity participation in key Canadian AI champions.
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Canada boosts Regional AI Initiative funding by $500 million for business adoption
The federal government's recapitalization increases the RAII to $700 million, providing capital access for Canadian businesses looking to onboard or expand AI operations.
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Dayforce Acquires Ribbon AI to Automate Job Interviews and Scale Agentic Recruiting
The acquisition integrates Ribbon's voice-based interviewing technology into Dayforce's platform, aiming to offload time-sensitive hiring tasks to AI tools for large enterprises.
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Robotics startup Mecka AI buys social app Thirdspace for mobile user acquisition
The acquisition equips Mecka AI with the viral growth playbook necessary to meet its ambitious goal of collecting 100 million hours of egocentric video data.
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Promise Robotics opens Arizona hub for US market validation via DR Horton
The multi-year agreement with DR Horton signals that robotic construction platforms can overcome geographic regulatory differences and scale operations across major U.S. housing markets.
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Foreign platforms allow cross-border bets on Canadian elections despite regulations
Over $600,000 was wagered on US prediction markets for Toronto's mayoral race, highlighting a compliance gap for Canadian financial institutions.
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Inside Canadian legaltech firm Clio’s deal to add AI legislation monitoring
Clio plans to integrate Page’s monitoring tools over the coming months, but the announcement provides no results for legal teams to assess yet.
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Wealthsimple integrates AI agent Penny, requiring manual approval for all customer transactions
The new conversational AI assistant allows users to manage financial tasks within the app but is designed with a constraint that mandates human sign-off before any money moves or trades are executed.
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