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IBM & Red Hat launch £5bn open-source security plan
Fintech

IBM & Red Hat launch £5bn open-source security plan

The move targets vulnerabilities in software used by large firms, as AI makes it easier to find and exploit flaws.

By Sean Mitchell • 4 min read • Fri, 29th May 2026
OpenAI raises USD $122 billion in record AI funding
Software-as-a-Service

OpenAI raises USD $122 billion in record AI funding

Investor appetite for AI remains intense as OpenAI's new cash haul lifts its valuation to USD $852 billion and deepens its compute push.

By Mark Tarre • 4 min read • Tue, 7th Apr 2026
MariaDB to acquire GridGain to power low-latency AI
Hybrid Cloud

MariaDB to acquire GridGain to power low-latency AI

MariaDB moves to buy in-memory specialist GridGain in a bid to deliver sub-millisecond latency for agentic AI and real-time workloads.

By Sofiah Nichole Salivio • 4 min read • Sat, 7th Mar 2026
Firgun backs Photonic from its $250m fund
Semiconductors

Firgun backs Photonic from its $250m fund

Firgun's debut quantum fund deal backs Canada's Photonic from its $250m pot, deepening cross-border UK-North America ties.

By Catherine Knowles • 4 min read • Sun, 15th Feb 2026
Banks accelerate shift from AI research to practical deployment
Fintech

Banks accelerate shift from AI research to practical deployment

Banks have accelerated the shift from AI research to practical tools, with top institutions rapidly deploying innovations in trading, fraud prevention, and customer service.

By Catherine Knowles • 4 min read • Fri, 19th Sep 2025
Banks accelerate AI innovation with surge in new patents & investments
Artificial Intelligence

Banks accelerate AI innovation with surge in new patents & investments

The banking industry is seeing a significant acceleration in AI innovation, with a rise in new patents and research publications.

By Shannon Williams • 3 min read • Thu, 11th Apr 2024
JPMorgan Chase leads as AI research powerhouse – report
Artificial Intelligence

JPMorgan Chase leads as AI research powerhouse – report

Newly data by Evident shows JPMorgan Chase's ongoing rise as a leading force in AI research, with a significant increase in output.

By Shannon Williams • 3 min read • Tue, 13th Feb 2024

Stories from Other Regions

Royal Bank of Canada stories

RBC expands Vancouver hub to add 1,000 jobs by 2029
Data Protection

RBC expands Vancouver hub to add 1,000 jobs by 2029

The bank plans to add 440 net new roles in British Columbia by 2029 as it widens its artificial intelligence and banking operations.

By Karen Joy Bacudo • 4 min read • Last month
Photonic raises CAD $275 million, at CAD $2.7B valuation
Quantum Computing

Photonic raises CAD $275 million, at CAD $2.7B valuation

The funding gives the Vancouver quantum group fresh capital to hit milestones, expand hiring and deepen partnerships as it pursues commercial-scale systems.

By Jake MacAndrew • 3 min read • Wed, 13th May 2026
Visa expands AI payments testing to Canadian issuers
Data Protection

Visa expands AI payments testing to Canadian issuers

Canadian banks will test how AI agents can initiate card payments as Visa prepares issuers for new controls over consent, fraud and liability.

By Karen Joy Bacudo • 4 min read • Thu, 7th May 2026
Canada tech funding hits USD $1.5bn as Waabi soars
Cartech

Canada tech funding hits USD $1.5bn as Waabi soars

Fewer Canadian startups attracted funding as late-stage deals swelled, with one USD $750 million Waabi round driving the quarter's total.

By Karen Joy Bacudo • 4 min read • Tue, 5th May 2026
Traditional banks, telcos among Canada's top valued brands
Unified Communications

Traditional banks, telcos among Canada's top valued brands

Growth has spread beyond banking in Canada, with telecoms, utilities and retailers helping lift the country’s top brand values 16 per cent.

By Jake MacAndrew • 3 min read • Wed, 29th Apr 2026
RBC partners with Hopper to update Avion Rewards Travel
Digital Transformation

RBC partners with Hopper to update Avion Rewards Travel

Avion Rewards members will soon get a new booking portal with flexible point redemptions and pricing tools as RBC shifts travel tech to Hopper.

By Karen Joy Bacudo • 4 min read • Thu, 2nd Apr 2026
RBC forms new AI unit targeting CAD $1 billion by 2027
Digital Transformation

RBC forms new AI unit targeting CAD $1 billion by 2027

Royal Bank of Canada creates AI Group reporting to CEO, targeting up to CAD $1 billion in AI-driven enterprise value by 2027.

By Jake MacAndrew • 3 min read • Sat, 21st Feb 2026
Interac launches online debit payments with KONEK gateway
Digital Transformation

Interac launches online debit payments with KONEK gateway

Staples Canada is the first national retailer to offer Interac KONEK, a secure Canadian eCommerce payment option supported by Moneris and major banks.

By Jake MacAndrew • 3 min read • Wed, 5th Nov 2025
Canada invests CAD $28.7M in AI training for energy jobs
Cartech

Canada invests CAD $28.7M in AI training for energy jobs

Canada commits to train 5,000 energy workers in AI skills and boost computing resources for AI research, advancing clean energy jobs.

By Jake MacAndrew • 3 min read • Thu, 11th Sep 2025
Deep Sky launches North America's first DAC carbon capture facility
Clean technologies

Deep Sky launches North America's first DAC carbon capture facility

Canadian firms Deep Sky and Skyrenu achieve North America's first underground carbon storage via direct air capture at Innisfail, Alberta facility.

By Jake MacAndrew • 3 min read • Fri, 22nd Aug 2025