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Marvell Technology is buying optical components maker Lumentum in a US$115 billion all-stock deal, including debt, as the custom chipmaker steps up its challenge to larger rival Broadcom during an AI spending boom.
Canada is taking a big step toward digital sovereignty after acquiring an ownership stake in Cohere, a homegrown artificial intelligence company that wants to take on American and Chinese AI giants.
The University of Manitoba is exploring whether AI can reduce surgical wait times in hospitals which remain a challenge for Manitoba’s health-care system.
A sell-off for tech stocks got even worse Friday on worries that Wall Street’s frenzy around artificial-intelligence technology sent prices too high.
Julissa Stewart says she panicked when she learned about plans for an 18,600-square-metre AI data centre at an industrial site about 20 minutes away from her home in southern Cape Breton.
Walmart Inc. has brought its AI chatbot Sparky to Canada, more than a year after the retailer first rolled out the shopping assistant in the United States.
Prime Minister Mark Carney says his government will invest up to $1.6 billion in Canadian AI company Cohere.
Cash flow is king again. Wall Street rewarded Microsoft and Oracle on Wednesday for showing that they could fund their enormous AI ambitions without endlessly tapping investors.
Some of Canada’s largest banks have moved to disallow third-party AI agents from accessing online banking.
Any time a company looks to start selling shares on Wall Street, it’s required to disclose potential risks for investors. In the case of artificial intelligence giant Anthropic, that has included the possibility that its products could threaten nothing less than humanity itself.
Anthropic, the company behind the AI assistant Claude, filed for an initial public offering on Monday in what experts predict could be one of the largest stock market debuts in history.
ByteDance founder Zhang Yiming reclaimed the top spot on a list of China’s richest people, driven by his company’s push into artificial intelligence.
Some of the leading artificial intelligence companies are moving toward initial public offerings at eye-popping valuations. Anthropic and OpenAI are looking to go public to access more capital in the race to shape the technology’s future.
Artificial intelligence giant Anthropic filed papers for what could be the biggest initial public offering of stock ever, a Wall Street debut next month.
Meta Platforms on Monday launched public offerings of about US$35 billion in common stock and convertible preferred stock, as the Facebook parent seeks to finance its costly AI expansion.
OpenAI said on Friday it had resumed training of its most advanced AI models after tightening security and barring internet access, and disclosed a flaw in a widely used software.
