Wealthsimple says it has nearly doubled its assets under management since this time last year, according to a new quarterly report. The news: The Toronto FinTech company released its Q2 2026 business update on Wednesday evening. The report says the company increased its assets under administration by nearly 25 percent from last quarter, up to…
On a 55-acre track in Oshawa, Ont., the future of driving is taking shape, one line of code at a time. A test vehicle hits the pavement with software and hardware working together, after both have been pushed through models, simulations, and lab work to get here. It’s a big moment–one Sahar Kokaly, a software…
If you’ve ever waited weeks for a medical appointment or struggled to find a family doctor, it’s easy to assume Canada’s healthcare challenges come down to a shortage of physicians. But the administrative demands placed on doctors are also putting serious strain on the system. “I think the standardized use of AI in health care…
Lightspeed Commerce narrowed its net loss and beat revenue expectations in its fiscal first quarter on Thursday, as the company bet that its AI product innovations would help create sustained profitability. The Montréal-based tech firm posted revenue of $322 million USD ($453 million CAD) for the quarter, exceeding internal projections and growing six percent year…
Tobacco-product company AIR Global is investing $20 million USD ($28 million CAD) into Toronto vape tech company Greentank Technologies. The news: AIR Global announced the strategic investment on Wednesday. Under the agreement, AIR Global will invest the $20 million through the purchase of preferred Greentank shares. Additionally, the agreement provides AIR Global with the option…
BY THE OPTIMIST DAILY EDITORIAL TEAM India launched its first hydrogen-powered train earlier this month. It was built domestically and is now operating in Haryana. Two hydrogen-powered driving cars, eight passenger coaches, a capacity of about 2,600 passengers, and a top speed of 47 mph (75 kph). Prime Minister Narendra Modi inaugurated the train, called…
BY THE OPTIMIST DAILY EDITORIAL TEAM Gillnets catch dolphins by accident. The nylon mesh hangs nearly invisible in the water, and dolphins’ echolocation, the system they rely on to navigate and hunt, can fail to detect it. The filaments may produce no detectable echo, or the dolphins may detect something but not recognize it as…
New lines are being drawn in the battle to decide who controls the future of AI. Nearly every major Western AI company, including OpenAI, Google, and Cohere, banded together to sign an open letter last week in support of open-weight AI models. These models’ parameters can be inspected and tweaked for free, but their makers…
Cohere is partnering with fellow AI startup Superwhisper to have its transcription model power the Toronto startup’s voice-to-text dictation. The news: The two companies announced on Wednesday that Cohere’s Transcribe model will now be among the AI models available on Superwhisper’s dictation app. The app allows users to compose emails, messages, and instructions for AI…
Philippe Gratton, co-founder of Chrono Innovation, knows that founders rarely suffer from a shortage of ideas. What they often lack is the time and capacity to turn those ideas into a workable product. Historically, that deficiency created a clear path to software development agencies. Bringing in a seasoned external development team can be faster and…
