Waterloo, Ontario-based logistics software company Descartes Systems Group acquires 3Gtms, an Ohio-based transportation software vendor, for $115M in cash
Alex Riehl / BetaKit :
OpenAI rolls out GPT-4o image generation natively in ChatGPT across all subscription tiers and says the omnimodal model is “a step change above previous models”
Do You Still Need DALL-E? The Indian Express : OpenAI's new image generator for ChatGPT triggers Ghibli fest: 10 best posts on X Chris Smith / BGR : Reve Image is the latest AI image generator going v...
Waterloo-based Magnet Forensics, which develops digital investigation software, agrees to be acquired by Thoma Bravo for CA$1.8B
Josh Scott / BetaKit :
A critique of Canada's tech startup ecosystem, whose growth is being held back by the mindset of angel investors, the government's SR&ED tax credits, and more
Toronto is not the next great startup scene. Neither is Waterloo, or Vancouver, or anywhere in Canada. — I'm sorry that I have to write this. Tweets: @prashanth_krish Tweets: Prashanth / @prashanth...
Filings show Oyo had a net loss of $332M on revenue of $900M in the year through March 2019; operations in China account for ~40% of its losses worldwide
Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims … Tweets: @drorpoleg , @sean_oneill , @skift , and @hkanji Tweets: Dror Pol...
BlackBerry says it's laying off about 200 in Waterloo and Florida, contradicting earlier reports
Dieter Bohn / The Verge :
Y Combinator launches YC Fellowship providing $12K grants, advice to very early startups
Ten years ago, Paul Graham said there could … Shane Dingman / Globe and Mail : Waterloo tech startups absent from Y Combinator's roster Jordan Novet / VentureBeat : Y Combinator launches the YC Fellow...
How Waterloo recovered after BlackBerry's decline and avoided a talent exodus
Kevin Roose / Fusion :
BlackBerry denies it has engaged in buyout discussions with Samsung
BlackBerry Responds to Media Report — Waterloo, ON - BlackBerry Limited (NASDAQ: BBRY; TSX: BB) ("BlackBerry") is aware of certain press reports published today with respect to a possible offer by S...