Toronto-based dental-focused technology startup InsideDesk has secured $12.6 million USD ($17.7 million CAD) in growth financing to expand its team and invest in AI. The news: InsideDesk sells revenue cycle management (RCM) software to companies that contract with dental practices. It aims to help those dental service organizations (DSOs), which manage the non-clinical, business side…
Siemens Canada is expanding its research and development (R&D) hub in Saskatoon by 10,000 square feet in order to advance industrial AI in the company’s semiconductor development work. “Siemens’ expansion in Saskatoon is another strong vote of confidence in our province.” Scott Moe,Saskatchewan Premier The R&D hub is located in Saskatoon’s Innovation Saskatchewan Research and…
Alberta and Québec are collaborating on AI, signing a memorandum of understanding that will allow the two provinces to share resources. The news: Alberta’s minister of technology and innovation, Nate Glubish, alongside Québec’s minister of cybersecurity and digital technology, France-Élaine Duranceau, as well as Jean Boulet, Québec’s minister responsible for Canadian relations, signed the memorandum…
In the City of Vaughan, at the heart of the Toronto Region, a decades-old manufacturing firm is building components for some of the world’s most advanced defence, aerospace and high-tech systems. That company is Ben Machine Products, based in Vaughan, ON. Its CEO, Michael Iacovelli, isn’t the founder, but he grew up in the company. …
If the first year of Toronto Tech Week (TTW) was about putting Toronto on the map, the second was about bringing the world to Toronto. The weeklong event’s second edition cemented its status as one of North America’s largest grassroots tech gatherings; according to an impact report released on Wednesday, the city welcomed more than…
Toronto’s 1Password has rolled out a new way for its customers to track and manage their AI spending and consumption. The news: The cybersecurity software company announced the launch of AI spend and consumption management capabilities within its SaaS Manager today. 1Password said this will give organizations a unified view of their AI token usage…
BY THE OPTIMIST DAILY EDITORIAL TEAM Illinois Lt. Gov. Juliana Stratton set up a series of financial wellness conversations with women around the state. She expected to hear about rent, wages, and the cost of groceries. What she kept hearing about was menopause: what it was doing to their work, their money, their days. The…
BY THE OPTIMIST DAILY EDITORIAL TEAM You might already have eucalyptus oil at home, maybe for the diffuser or a bundle you hang in the shower. It also happens to be something pests avoid. The scent is sharp and herbal, nothing like what rodents or crawling insects encounter in the wild, and that unfamiliarity alone…
On Monday, Richmond, BC-based General Fusion became the first nuclear fusion company to go public. The company debuted on the public markets days after merging with the Nasdaq-listed special purpose acquisition company (SPAC) Spring Valley Acquisition Corp. III (Spring Valley). Listed as $GFUZ on the Nasdaq, the stock opened Monday at $12.80 USD per share;…
Reinforcement learning pioneer and Turing Award winner Richard Sutton is striking out on his own, founding a new AI research lab focused on real-time learning that will reduce compute demands. The news: On Monday, Sutton and his colleague Khurram Javed both announced they were leaving positions at Keen Technologies—another AI research firm founded by virtual…
