Montréal’s cleantech company Deep Sky announced this week an agreement with TD Bank Group that will see the financial institution purchase more than 18,000 carbon credits to offset its environmental impact. The news: Announced on June 4 at Toronto Climate Week, the agreement will see TD Bank purchase verified, direct-air capture carbon credits from Deep…
Vancouver-based legaltech company Clio is opening a permanent office in New York City. The news: On Thursday, Clio announced it is establishing its US headquarters in New York, with plans for the office to reach full capacity in early 2027. Located in Manhattan, the office is the first dedicated US location for Clio, which already…
Canada’s three national AI institutes got a jolt of support this week for safety research and commercializing AI discoveries through the new federal AI strategy. The news: The long-awaited AI strategy, which dropped yesterday, included a lot of commitments for Montréal’s Mila, Edmonton’s Alberta Machine Intelligence Institute (Amii), and Toronto’s Vector Institute. The feds pledged…
Eight years after Inovia launched its first growth investment fund, “OG team” member Mia Morisset is being promoted to partner. The news: Venture firm Inovia Capital announced on Friday that its Montréal-based principal Mia Morisset has been promoted to partner on its growth investment team. After joining the firm in 2018, Morisset made multiple investments…
Montréal-based AI-for-hospitality startup Pricepoint announced a $6.6-million CAD seed round to bring its platform to more hotels and accommodation providers. The news: Pricepoint announced $6.6 million in equity funding from an all-Québec cap table on Tuesday, led by Brightspark Ventures with participation from Boreal Ventures and AQC Capital. Brightspark managing partner Sophie Forest and Boreal…
BY THE OPTIMIST DAILY EDITORIAL TEAM Chances are you’ve probably already had this conversation with someone. Maybe more than once. Morning shower people and night shower people tend to hold their positions, and nobody really changes anyone else’s mind. But when you actually ask the experts, the answer is less about winning the debate and…
BY THE OPTIMIST DAILY EDITORIAL TEAM For years, the conversation about children and screens has been aimed squarely at children. How much time, what content, and at what age? Sweden’s public health agency has now turned the question around. This past Monday, the agency issued new guidelines urging parents to put their phones away when…
Prime Minister Mark Carney unveiled Canada’s AI strategy on Thursday morning, which promises to stimulate the country’s commercialization and adoption of the technology. “We need legislation, and then we need to enforce it.” Ritesh Kotak Titled AI for All, it includes more than $2.3 billion in spending, the establishment of a tech growth fund, top-up…
Canada’s new AI strategy outlines the government’s plans to generate value from AI across the economy but includes little on the legislation needed to carry out its promises around safety and governance. The first pillar of the strategy, released today, is titled “protecting Canadians,” but the policy document does not propose new regulatory measures for…
Canada’s new AI strategy makes it clear that the federal government hopes to play a more active role in supporting the country’s AI businesses going forward. The Government of Canada plans to do this through a new $500-million CAD Canadian Tech Growth Fund that will provide “flexible growth capital” to the country’s most promising AI…
