Archive

Calgary's Arcus Power Receives $3M from SCALE AI for Battery Optimization Project

Alberta AI startup partners with solar plant to use real-time algorithms for charging decisions that boost revenue and reduce equipment wear

Bipartisan Senate Investigation Targets AI Children's Toys Over Safety and Data Concerns

Senators Blackburn and Blumenthal demand answers from six toy companies on data policies, developmental testing, and content safety protections

Micron Shares Surge 6% as AI Memory Demand Drives Record Revenue and Earnings Beat

Memory chipmaker raises guidance on higher prices and AI workload growth, posting $4.78 per share versus $3.94 estimates

Mega Rounds, False Accusations, and Fed Warnings: AI's Growing Pains Exposed

AI Detection Software Falsely Accuses Students as Schools Struggle with Accuracy Issues

High schoolers face plagiarism charges based on flawed detection tools showing probabilities under 50%, raising questions about academic integrity enforcement

Swedish AI Coding Startup Lovable Hits $6.6B Valuation, More Than Tripling in Months

Accel backs "vibe coding" platform as valuation surge makes it one of Europe's most valuable startups after breakout growth year

Databricks Raises $4B at $134B Valuation, Up 34% in Three Months on AI Demand

Data analytics company's Series L round led by Insight Partners values it higher than most public tech firms as cloud-based AI products drive growth

Canada's SCALE AI Invests $129M in 44 Projects as AI Funding Hits $226M in Six Months

Government-backed AI cluster accelerates homegrown technology deployment across Canadian industries with record funding round

Fed Chair Powell Warns AI Could Boost Productivity While Displacing Workers

Central bank chief acknowledges dual impact as AI spending drives economic growth but raises concerns about job market disruption

AI Funding Surges, Government Mobilizes, and Infrastructure Consolidates: Today's Power Moves

From $130M drug discovery rounds to federal tech recruitment and strategic acquisitions, today's developments show AI transitioning from growth stage to critical infrastructure