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Legora Raises $550M at an $8.8 Billion Valuation

The legal AI startup says its annual recurring revenue has passed $200 million, and the round values it 57% above its last one. Read our full story →

Tether Leads a $15M Round for an AI Payments Startup

Mural builds the banking and compliance layer for payments, and Tether’s CEO says that layer becomes essential once AI agents start moving money. Read our full story →

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Meta Reportedly Weighs Nonvoting Shares to Fund AI

Semafor reports the company is considering stock that would raise money without giving new investors extra control, which would leave Mark Zuckerberg’s voting power intact. Read the original story →

Ottawa Pulls Government Websites Over Two PHP Flaws

The flaws sat in PHP’s code for years and were recently found using AI, and the Canadian Centre for Cyber Security says no active exploitation has been identified. Read the original story →

Canadian News Publishers Sue Anthropic in Ontario

Postmedia, Torstar, The Globe and Mail and The Canadian Press allege Claude’s models were built on their content without a licence, and Anthropic has not yet responded. Read the original story →

Scotiabank Hires a Wells Fargo Executive as Chief AI Officer

Jasmine de Gaia takes the newly created role on Jan. 4, as the bank builds out its AI leadership team. Read the original story →

Mastercard Says Over 80% of Its Employees Use AI Regularly

The company’s chief AI and data officer says about a third of its services now have AI embedded, in an interview-based Forbes contributor piece. Read the original story →

📚 From the AI Knowledge Hub

📢 The Signal Behind the Noise

Today’s stories are mostly about what AI costs and what it changes. Legora’s valuation rose from $5.6 billion to $8.8 billion on the strength of its own revenue figures, while Meta is reportedly looking at a new share structure to pay for its spending. Ottawa took government sites offline over flaws that AI helped find, and Canadian publishers are asking an Ontario court who owes whom for the content AI models learn from. Meanwhile Scotiabank is creating a chief AI role and Mastercard says AI use is now routine across its workforce.