News

News
  • TD Bank embraces AI future with purchase of startup built by U of T alumni

    January 10, 2018 One of Canada’s biggest banks has purchased a promising artificial intelligence, or AI, startup that was co-founded by two U of T alumni and a local lawyer and entrepreneur – further evidence of how big corporations are eager to scoop up the country’s top AI talent. TD Bank said this week that ... Read more
  • TD adds to tech capabilities with $100-million deal for AI firm Layer 6

    January 10, 2018 Please visit the Globe and Mail website to read this article. Read more
  • TD acquires Toronto-based AI startup Layer 6

    January 9, 2018 Toronto-Dominion Bank is acquiring artificial intelligence startup Layer 6 AI for an undisclosed amount as financial services companies increasingly look to tap the technology’s potential. Canada’s largest bank by assets has been looking to build up its capabilities in AI for some time, said Michael Rhodes, group head of innovation, technology ... Read more
  • TD acquires Layer 6 in Canadian AI talent grab

    January 9, 2018 TD Bank Group has acquired Toronto-based Layer 6 in an effort to boost its own AI capabilities. Terms of the deal weren’t disclosed, but The Globe and Mail reports that they were bought for $100 million. Launched in 2016, Layer 6 works with enterprises in finance, media, and ecommerce. The company’s prediction ... Read more
  • 10 AI companies to watch for in 2018

    January 9, 2018 Ontario has become a true hub for artificial intelligence, not just in Canada, but worldwide and the province’s reputation as a global leader in AI is growing. It’s home to world-class research centres such as the Vector Institute for artificial intelligence and start-up supporters, such as NEXT AI. Whether in ... Read more
  • How a Toronto app is helping Iranians hack internet censorship

    January 9, 2018 A Toronto-app, which thwarts both firewalls and internet censorship, is reporting a 20-fold increase in users in the spans of five days, almost all of the new users hailing from Iran, where internet access has been blocked by the government. Psiphon is a decade-old app invented in the Citizen Lab, ... Read more
  • Where is AI headed in 2018? Your phone will know you better than your friends do, U of T researcher predicts

    January 4, 2018 From self-driving cars to finding disease cures, artificial intelligence, or AI, has rapidly emerged as a potentially revolutionary technology – and the pace of innovation is only set to speed up. To get a sense of where the field is headed in 2018, U of T News sat down with the University ... Read more
  • Garages are for cars, not startups: U of T’s Joseph Orozco in the Globe and Mail

    January 4, 2018 The mythology of the successful tech startup usually involves a novel idea, a brilliant dropout and a grubby garage. But Joseph Orozco, executive director of The Entrepreneurship Hatchery at the University of Toronto, says the reality is often much different. “Not all entrepreneurs are brilliant misfits toiling away over stale pizza and cold ... Read more
  • Tiny condo, no storage space? Valet service will store your stuff

    January 3, 2018 Mark Ang is too young to have many skeletons in his closet, but he’s super keen on carting away whatever extra stuff you can’t fit into yours. The 22-year-old Toronto entrepreneur came up with the idea for an online storage solution called Second Closet when he and his older brother David, ... Read more
  • How Memorial is turning out a new generation of social entrepreneurs

    January 3, 2018 Over the past few years, Newfoundland and Labrador’s Memorial University has developed a reputation for social entrepreneurship. In nine of the past 10 years, student teams from business and other faculties at the St. John’s university have been crowned Canadian champions in annual competitions of Enactus, an international non-profit organization that ... Read more