New unicorn 🦄 - Canada has a new billion-dollar AI company, Prada turns tourism operator.
The Peak DailyShow Notes
Toronto-based Biossil has become Canada’s newest AI unicorn after raising US$153 million in a round led by OpenAI, betting that artificial intelligence can find new uses for drugs that failed in late-stage clinical trials — and potentially turn pharmaceutical castoffs into medical breakthroughs. Plus, luxury brands like Prada, Chanel, and Louis Vuitton are spending millions to take their wealthiest customers on exclusive trips and experiences, as a slowdown among aspirational shoppers pushes the industry to focus on the small group of buyers who account for an outsized share of sales. And in The Big Picture: Nvidia launches a tool to rein in rogue AI agents, Canada’s competition watchdog investigates grocery pricing policies, SpaceX sends its massive Starship rocket into orbit, Stelco lays off 350 workers, the FBI offers a US$1 million reward in the Nijjar case, the U.S. and China remove tariffs on billions in goods, and more. The Peak Daily is produced in partnership with reframevid.com
More from The Peak Daily
Trump backtracks on his Bombardier ban threat as Canadian tariffs emerge as a key issue in U.S. midterm elections.
AI giants like Anthropic, SpaceX, and OpenAI are launching massive philanthropic initiatives to counter public backlash and job displacement concerns.
Albertans head to the polls today to vote on potential independence alongside nine other major policy questions.
Cohere is continuing its European expansion by acquiring Czech cybersecurity firm Aisle to bolster its sovereign AI platform.
Big banks and telecom giants are joining forces on a new anti-fraud platform to tackle rising scam losses across Canada.