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Canadian Tech in 100 Words

IBM Unveils Breakthrough Optics for AI Data Centers

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IBM has revealed groundbreaking co-packaged optics (CPO) research, enabling optical communication inside data centers for faster AI processing. By using polymer optical waveguides (PWG), IBM’s innovation could deliver 80x faster bandwidth than current chip connections.

    CPO technology promises to reduce energy consumption by over 5x, cut AI model training times from three months to three weeks, and save energy equivalent to 5,000 U.S. homes annually. The innovation boosts chip interconnect density and ensures reliability under extreme conditions. “This breakthrough will future-proof data centers for AI demands,” said Dario Gil, IBM’s SVP of Research.

    Want to know more? Check out the source code on Newswire.ca.

    Canada’s AI Battleground: Innovation vs. Litigation

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    The recent lawsuit by Canadian media groups against OpenAI for allegedly scraping copyrighted content highlights a growing tension between AI innovation and intellectual property concerns. Critics argue this litigation risks stifling AI advancements crucial for Canada’s global competitiveness.

    AI systems use publicly available data, akin to indexing by Google or Bing, to enhance industries like journalism and law. Entrepreneurs warn that such lawsuits send negative signals, pushing AI startups toward jurisdictions with innovation-friendly policies. Clearer laws and licensing agreements could foster collaboration, ensuring both fair compensation and technological progress for Canada’s AI future.

    Want to know more? Check out the source code on Techcouver.

    $6 Billion Boost for BC’s Wind Energy Future

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    BC Hydro has signed 30-year electricity purchase agreements with nine new wind energy projects, expected to generate 5,000 gigawatt hours annually—enough to power 500,000 homes. These projects will attract $5-$6 billion in private investment.

    Premier David Eby praised the initiative, contrasting Alberta’s restrictive renewable policies. “We’ll see what the U.S. decides on clean energy,” he noted, as Alberta focuses on agriculture-first regulations while collaborating with the U.S. on energy security. The move underscores B.C.’s commitment to clean energy leadership and stability amid shifting North American energy policies.

    Want to know more? Check out the source code on CleanEnergy.ca.

    Google Expands AI Capabilities with Gemini Update

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    Google has launched a new version of its Gemini AI model, enabling advanced “agents” to perform tasks in digital and real-world environments. Project Mariner, a browser-based assistant, navigates websites and handles actions like filling shopping carts. Project Astra, initially embedded in smart glasses, offers conversational AI capable of retrieving and remembering user data.

    Sundar Pichai, Google’s CEO, highlights Gemini’s improved task execution and external tool usage. However, Google promises human oversight for significant actions. As competitors like Amazon and Cohere also develop AI agents, Google aims to set benchmarks for responsible use.

    Want to know more? Check out the source code on The Logic.

    Rogers Launches Canada’s First Storm-Ready WiFi

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    Rogers has unveiled Storm-Ready WiFi, a Canadian-first home internet backup solution. This innovative device integrates advanced Rogers technology with automatic cellular network switching during power or network outages.

    The system includes a rechargeable battery offering up to four hours of connectivity and doubles as a WiFi extender for enhanced everyday coverage. Customers can monitor status via the Rogers Xfinity app. “Reliable connectivity is essential,” said Tony Staffieri, Rogers CEO. Initially available in British Columbia, Storm-Ready WiFi will roll out nationwide in February.

    Want to know more? Check out the source code here.

    Beacon Partners with BMO to Aid Immigrants

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    Toronto-based fintech Beacon has partnered with BMO to simplify financial services for immigrants. Leveraging BMO’s corporate Money Services Business (MSB) accounts, Beacon’s tools enable fast, affordable cross-border money transfers. Beacon’s digital platform, Beacon Remit, streamlines remittances from countries like India, ensuring compliance with FINTRAC standards.

    CEO Stuart Szabo emphasized their mission to empower users with secure financial solutions. Bhavna Gounder, Director of BMO Commercial Bank, highlighted the initiative’s importance for newcomers managing finances across borders. “We’re thrilled to support Beacon’s mission,” she said. This partnership aims to address key challenges faced by immigrants in Canada.

    Want to know more? Check out the source code on Fintech.ca.

    Alberta Defines Zones Limiting Wind and Solar Developments

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    The Alberta government has delineated 82,000 square kilometres as “visual impact assessment zones,” requiring renewable energy developers to demonstrate that projects do not obstruct scenic views. Additionally, approximately 60,000 square kilometres are designated as “agriculture first” lands, mandating proof that renewable projects can coexist with agricultural activities.

    A 70,000-square-kilometre buffer zone prohibits wind development in the Rocky Mountains. These measures follow Premier Danielle Smith’s commitment to regulate wind and solar expansion and address growing rural opposition to renewable energy installations.

    Want to know more? Check out the source code on The Logic.

    New Fund Boosts Alberta’s Early-Stage Tech Startups

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    Alberta Enterprise Corporation (AEC) has launched Accelerate Fund IV, a $15 million early-stage angel co-investment fund targeting Alberta’s technology startups. The fund aims to raise $25 million to support pre-seed and seed-stage companies in life sciences, AI, digital transformation, and more.

    Since 2012, Accelerate Funds have aided 46 startups, including Helcim and DrugBank, driving $10 in private investment for every $1 contributed. “This fund strengthens Alberta’s tech ecosystem,” said Kristina Williams, AEC CEO. Minister Nate Glubish highlighted its role in job creation and tech innovation. Yaletown Partners manages the fund, continuing its legacy of fostering Alberta’s tech leaders.

    Want to know more? Check out the source code on Calgary.tech.

    Interac Considers Flat Fee Amid Competition Probe

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    Interac plans to introduce a flat fee for e-transfers, replacing its current volume-based pricing model. Smaller institutions currently pay more per transfer than larger ones, prompting scrutiny from the Competition Bureau and parliamentary committees.

    Conservative MPs revealed Interac’s fee structure in late October, sparking concerns over competition fairness in financial services. CEO Jeremy Wilmot will testify before Parliament as the Bureau investigates Interac’s pricing practices. Critics, including fintech CEO Daniel Eberhard, argue the tiered model stifles competition. While the flat fee proposal is under review, MPs call for broader systemic reforms.

    Want to know more? Check out the source code on The Logic.

    Kevin O’Leary Unveils $70B Wonder Valley Project

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    Kevin O’Leary is spearheading Wonder Valley, the world’s largest AI data centre industrial park, in Alberta’s Greenview Industrial Gateway (GIG). Partnering with Greenview’s Municipal District, O’Leary Ventures aims to establish Alberta as a global leader in data infrastructure and sustainable energy.

    The $70 billion project includes 7.5 GW off-grid power using natural gas and geothermal energy. Phase one, a $2 billion investment, delivers 1.4 GW of low-cost power. Wonder Valley promises economic benefits, job creation, and partnerships with First Nations. “This sets a new benchmark,” said O’Leary, emphasizing sustainability and innovation.

    Want to know more? Check out the source code on Calgary.tech.