The Bank of Canada said it is aware of concerns and is looking into the situation. betakit.com/edmontons-ev...

pHathom Technologies just closed a $4-million round to pilot a coastal carbon-capture system, using an approach it claims mimics nature’s ability to remove CO₂ from the atmosphere.

The federal government used AI to summarize its consultations with Evan Solomon's AI task force. We used a human reporter. BetaKit's Josh Scott undertook a heroic effort to sort through all 348 pages of task force submissions. Here's his summary.

Some people aren’t “unemployable.” They were just never going to be employees in the first place. Humi co-founder Kevin Kliman on founders, agency, and why entrepreneurship pulls certain people out of the workforce. Listen to The BetaKit Podcast for more: betakit.com/canadas-job-...

On the internet of old, data was cached across the globe for quick access. #AI breaks that model. Most applications generate unique responses to every prompt, so no storing for quick access. PolarGrid CEO Rade Kovacevic argues latency is the trench where the battle for AI dominance will be fought.

Canada is Substack's third-largest market globally, and the first to get local leadership this year. Mark Swierszcz joins after 6 years as Google Canada’s creative effectiveness lead.

[email protected] beat analyst expectations in its latest earnings report thanks to the growth of it cloud services. Q2 earnings were down slightly but better than expected. Meanwhile, its cloud business saw 3.4% growth. More details here:

The two companies hope to create a “more resilient domestic food supply” and a way for Canadian innovation to enter international markets.

What does a social network exclusively for #AI agents mean for the security of those agents' humans? BetaKit's Alex Riehl sat down with Plurilock's Ian Paterson for a fascinating discussion on OpenClaw, @moltbook.bsky.social, and "everything is allowed" AI agents.

The uproar in #CDNTech after @ycombinator.com.web.brid.gy stopped directly investing in Canada-domiciled startups wasn't really about a terms of service change at the accelerator. On the BetaKit Podcast, John Ruffolo breaks down what Canada is getting wrong. Listen now: betakit.com/why-y-combin...

Brilliant Harvest, the Calgary firm that runs an AI-driven platform for the heavy equipment industry, describes itself as “farmers first and innovators second.” It just secured $4M USD in seed funding. Here's what it plans to do with it:

For Rayhawk Technologies, risk automation isn’t just a technology: it’s personal. The startup is deeply rooted in family, and building its safety automation tech after first-hand experience with industrial risk.

lost $33.6 million in Q3 despite 11% year-over-year revenue growth. Meanwhile, it's raising its yearly outlook for a second straight quarter after posting revenue of $312.3 million, slightly beating its internal forecasts.

Toronto's Vena Solutions signs a definitive agreement to buy its Chicago competitor Acterys, expanding its financial planning and analysis capabilities.

Invest Alberta isn't giving direct answers about Rick Christiaanse's unexplained departure. For the moment, COO Keith Bradley is stepping in as acting CEO.

[email protected] AI task force findings are in. The government report was compiled with the help of several AI tools. It hits broad themes from the task force (and the 11,000+ public consultation submission) but is extremely light on data and methodology. Here's what we've learned so far

Isabelle Hudon says BDC's return to direct investing in medtech is an attempt to re-engage with an industry it was too quick to pull back from.

ICYMI: After finishing @speedrun.skystack.xyz last summer, OpenSesame rebrands to General Magic as part of a newfound focus on building AI agents for insurance companies to text with their clients. Did you catch the Silicon Valley reference in their new name?

Yoshua Bengio's AI safety report found an emerging “evaluation gap” in how AI performance is measured. Bad data and some models' narrow focus means its getting harder to predict how AI systems will hold up in the real world.

AI-native startups ate up 40 percent of software deal value in Canada in 2025. 10 years ago, they were just 10 percent. Inovia's latest report shows that investors now say deep AI integration is the price of admission: not a differentiator, but an operational necessity. More insight here:

Calgary’s Neo Financial has raised $68.5 million in equity from a round of more than 100 investors as it looks to fuel its lending business. The raise came almost entirely from a "syndicate" of Canadian investors, including founders, entrepreneurs, and institutional firms.

In the BetaKit Newsletter this week, Waabi sets #CDNTech funding records and robots (try to) solve the housing crisis🤖 🏠 . Plus: 🌑 Data centres on the moon 🪿 Big-name advisors cut ties with Gander Social 📱 Why Canada shouldn't ban social media for kids

Canada needs talent if it wants to compete in the global EV market. The @utoronto.ca-backed EVIO program wants to make sure our talent sticks. Grad researchers are being embedded inside companies to accelerate tech and create a sustainable ecosystem.

Markuz Kritzler is moving from CRO to CEO at @carbonupcycling.bsky.social. Former CEO and current president Apoorv Sinha called the promotion a “natural evolution" for the company.

Toronto AI startup OpenSesame is now General Magic. The company is rebranding as it doubles down on AI-powered customer engagement tools for insurance.

ICYMI: Quebec security tech firm Ionodes says interest in its body cameras is rising, not from police, but from retailers. BetaKit's Madison McLauchlan looks at how retailers like grocery stores are using the technology, and what the data says about its effectiveness.

Do you think social media should be banned for kids in Canada? According to Josh Tabish, kids will find their way onto the platforms anyway. If they aren't supposed to be there, what incentives do companies have to invest in safety features?

This is the second non-core asset OpenText has sold in five months, after dropping longtime leader Mark Barrenechea in August.

Canadian tech vets Ali Asaria and Tony Salomone have launched a new platform: Transformer Lab. It's a modern operating system for #AI research, backed by cross-border investors.

BetaKit's @trondizzle.bsky.social argues @ycombinator.com.web.brid.gy kept Singapore and the Cayman Islands on its investment list for access to Chinese and crypto startups, but cut Canada because access to its talent requires neither Canadian businesses, nor investors. Read his full argument👇🏼

“If everything has to go through you, it’s not a scalable system.” 📈 Lessons from Hopper’s Frederic Lalonde and Lightspeed’s Dax Dasilva on evolving as a founder, and staying sane while you do it 📌

🎙️ Is the @ycombinator.com.web.brid.gy news a death blow for #CDNTech, or something else entirely? John Ruffalo joins The BetaKit Podcast to break down “bullshit” narratives, fuzzy data, and the real problems plaguing the ecosystem. Listen now 🎧

The new projects will bring internet access speeds up to federal targets for 83,600 homes across 759 Alberta communities, including 3,488 Indigenous households.

Investors allege MDA Space insiders made millions selling stock with the undisclosed knowledge that the contract could be impacted by EchoStar’s FCC battle.

Canada is reportedly considering joining Australia in banning youth from accessing social media. Josh Tabish, a senior director with @progresschamber.org, says that would be a bad idea. Here's what he thinks Canada should do instead.

Cleantech startup Xatoms earned a top spot among 300+ startups and secured $300K at the #WEF’s Water Resilience Challenge, showcasing how #quantum chemistry and #AI can clean the world's contaminated water.

Retailers are increasingly turning to body-worn cameras for loss prevention and staff safety. Quebec's Ionodes and its body cameras are catching more attention beyond law enforcement.

Sutton is the founder of modern computational reinforcement learning, a branch of machine learning in which AI systems learn to solve problems through trial-and-error, mirroring human learning.

Five months after ousting longtime leader Mark Barrenechea amidst declining revenue, OpenText has named a former IBM president, Ayman Antoun, its new CEO.

Doctors could spend less time on notes and more time with patients thanks to #AI scribes. But only if risks like data security and accountability are tackled head-on. Read how experts like @kwame_mckenzie, @IPCinfoprivacy, and @ColleenFlood2 feel about AI and privacy in healthcare:

ICYMI: Waabi announced yesterday it closed the largest funding round in #CDNTech history That means founder Raquel Urtasun, years after leaving Uber, is once again developing robo-taxis with the ride-hailing giant.

Do you know the wild story behind the infamous "butt dial" that almost unraveled everything for a Rogers CEO? Michael Healey recaps the scandal on The BetaKit Podcast. Listen for even more insight and history about one of Canada's most notorious business families: betakit.com/rogers-v-rog...

Thanks in large part to a successful crowdfunding campaign by burgeoning social media company @gandersocial.bsky.social, FrontFundr reported strong financial results today.

As #AI fuels demand for compute capacity, serious people are considering building data centres on the moon. Jim Kalogiros of Schneider Electric sees the benefits, but thinks we should focus should be on solving Earth's constraints first.

Pluvo is heading to Silicon Valley as a member of the latest a16z speedrun cohort. The Ottawa startup is developing AI-driven decision intelligence software that it calls “System of Judgment.”

Canada’s defence tech landscape is heating up. BDC Capital’s Geneviève Bouthillier walks through new investments, partnerships, and what dual-use innovation means for the market.

Years after leaving Uber, Raquel Urtasun is once again developing robo-taxis with the ride-hailing giant, after the largest funding round in #CDNTech history. “Self-driving is happening,” the Waabi founder told us. “The technology is ready now."

Conversation is raging as a divided #CDNTech debates Y Combinator removing Canada as one of its permitted sites of investment. More reactions and analysis from across Canadian tech here:

"Instead of replacing [an] engine, can we retrofit it to run on hydrogen?” betakit.com/u-of-a-partn...

Calian is watering the seeds of Canada’s burgeoning #defence industry with a $100 million CAD platform led by its new Ventures arm. #ottcity #CDNtech