Canada’s AI strategy contains .3 billion in spending but few details on new privacy regulations

Canada’s AI strategy contains $2.3 billion in spending but few details on new privacy regulations

Canada is looking to increase economic productivity by stimulating commercialization and adoption in its new national AI strategy.  The strategy, titled AI for All, was announced by Prime Minister Mark Carney on Thursday morning in Toronto. The strategy is intended to help Canada foster trust, provide opportunity, and safeguard sovereignty as AI becomes part of…

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Cohere says it is not working with Palantir

Cohere says it is not working with Palantir

Canadian AI darling Cohere says it’s not partnered or working with Palantir, following recent social media speculation arising from a 2024 TechCrunch report.  The news: The TechCrunch article, published in December 2024, claimed that Cohere was working with Palantir to deploy its AI models. It was based on a now-unavailable video posted by Palantir that…

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Scispot closes -million USD Series A to become the operating layer for life sciences labs

Scispot closes $8-million USD Series A to become the operating layer for life sciences labs

Kitchener-Waterloo-based Scispot, which wants to help life sciences labs move faster using AI, has secured $8 million USD ($11.1 million CAD) in Series A funding to bring its platform to more companies. Scispot has developed AI-powered software designed to help workers in life sciences labs—such as research facilities that focus on drug development or pathology—centralize…

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Calgary’s SensorUp closes growth financing led by Pender Ventures

Calgary’s SensorUp closes growth financing led by Pender Ventures

Calgary-based cleantech software company SensorUp announced today it has closed a growth financing round.  The news: The round was led by Pender Ventures, with participation from Climate Investment, Evok Innovations, and US-based petroleum company and SensorUp client, Occidental. Neither SensorUp nor Pender Ventures gave a dollar figure or funding stage. But Pender Ventures partner Cheri Corbett…

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SR&ED season is here. How to claim the hours you actually worked

SR&ED season is here. How to claim the hours you actually worked

For many startups, the biggest challenge with claiming Canada’s Scientific Research and Experimental Development (SR&ED) tax credit isn’t innovation. It’s documentation. “With increasingly powerful generative AI models, the [Canada Revenue Agency] now audits your process more than anything.” The evidence behind months of development can be spread across different systems that weren’t designed to work…

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