Blackberry teamed up with federal government and will be investing $350m to build self-driving cars in Ottawa. Federal government will pitch in $40m while Blackberry itself will be investing $310m. The jobs will be added over the next 10 years. In January, Ontario government has announced greater leway for self driving cars to operate in … Continue reading Blackberry to add 800 jobs in Ottawa, build self driving cars
Netflix just announced that it will be launching film and production hub at Toronto’s waterfront studio district. They will have 84,580 square feet of space, that they are currently leasing, and will start filming within the next few weeks. In 4-5 months Netflix is expected to move to even bigger venue with 164,000 square there. … Continue reading Netflix to add Production Hub in Toronto, To Create 1850 Jobs
National Post, a Canadian newspaper, as well as La Press, Montreal based French newspaper, recently published an op-ed piece about why they think Ubisoft is taking away talent from other tech firms across Canada. Here is a short summary. Ubisoft has generated over $2.6 billion dollars in revenues last year, and is currently employing over … Continue reading Is Ubisoft Hurting Canadian Tech Businesses?
Canadian firm Quadriga CX based in Nova Scotia says it will not be able to pay its customers and investors the $250m because its CEO, Gerald Cotten, died while on a trip to India. The company says Cotten was the only one who knew the passwords and security keys to the company’s funds. The Supreme … Continue reading Nova Scotia Crypto-Exchange Can’t Pay Investors $250m after its CEO’s Death
The Impact Centre, based in Toronto, publishes annual Narwhals’ list of 40 great Canadian tech companies that has potential to become successful on the world stage. They look at the fundraising patterns of over 1,000 private VC-funded Canadian technology product businesses in order to product their final list. The companies on the list are weighted … Continue reading Top 40 Narwhals (2019 Best Tech Companies) in Canada
Netflix perhaps will soon be opening its production hub in Toronto. That’s at least what Mayor John Tory told The Canadian Press. “I have a very high level of confidence, without betraying confidences that aren’t yet concrete, that they’re going to. They’ve been in active discussions with our industry, with me, about wanting to create … Continue reading Netflix to Open Production Hub in Toronto? It’s a Strong Possibility according to Mayor Tory
Israel and China are one of the few big movers in the new 2019 Bloomberg Annual Innovation Index. The 2019 ranking process began with more than 200 economies. Each was scored on a 0-100 scale based on seven equally weighted categories such as R&D and high tech density, productivity, etc. After the process was done, Bloomberg … Continue reading Which is the most innovative country in the world? Well, it’s not Canada