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Nuvei is buying Payoneer for $2.75bn to build a one-stop rival to Stripe

Canada, Digital Marketing, Fintech and ecommerce, Investors and funding, SEO Tips, Technology, United States /

Nuvei is buying Payoneer for $2.75bn, a bet that the way to take on Stripe is to own every step of a payment, not just one. The Canadian firm will pay $7.40 a share in cash for Payoneer, the cross-border specialist listed on Nasdaq, in a deal both boards have approved. It ends Payoneer’s roughly […]

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Canada’s Carney compares Anthropic shutdown to 2008 financial crisis, warns of AI “model risk”

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Canadian Prime Minister Mark Carney said Sunday that the US export ban that forced Anthropic to shut down Fable 5 and Mythos 5 demonstrates the danger of depending on a small number of powerful AI models. Speaking to reporters during a visit to Ireland, Carney framed the suspension as a warning about systemic vulnerability rather […]

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Canada wants to ban under-16s from social media, and rein in AI chatbots too

Artificial Intelligence, Canada, Digital Marketing, Government and policy, Meta, privacy, SEO Tips, Technology /

Canada has introduced a bill that would bar under-16s from social media and, in a twist that sets it apart from other countries, regulate AI chatbots in the same sweep. The Digital Safety Act, tabled on Wednesday, is the latest move in a global wave of governments cracking down on platforms over harm to children. […]

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An ‘anti-private-equity’ startup raised $225M to buy Main Street software and rebuild it with AI

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Private equity buys companies, strips out costs, and flips them. A two-year-old startup called Beacon has raised hundreds of millions to do almost the opposite, and to let AI do the heavy lifting. Beacon, an “AI-native” holding company based in Toronto and San Francisco, said on Tuesday it had raised a $225mn Series C led […]

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Apple and Google push for judicial oversight of Canada’s lawful-access bill

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Apple and Google have formally pushed for amendments to Bill C-22, the Canadian government’s lawful-access legislation now working its way through the House of Commons, arguing that the bill as drafted creates a potential for secret orders to compel changes to the encryption underpinning their software and devices. Both companies want judicial oversight built into […]

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