Shopify Inc. intends to include up to 500 jobs in Waterloo, Ont. Which will triple its workforce there during the next few years.The Ottawa-based technology firm says it plans to add between 300 to 500 full-time positions to concentrate on growing its Shopify Plus platform, which supports the largest and most complex retailers.Shopify says it's also set to start another building in Waterloo from the first quarter of next year to adapt the workforce development. The Read more [...]

Chinese net giant Tencent Holdings Ltd. is investing $40-million (U.S.) in one of Canada's hottest tech startups, WP Technology Inc., better called Wattpad.The funding, expected to be finalized in the coming weeks after the signing of a term sheet, will be a part of a $50-million venture capital deal which values Wattpad at $400-million including the new financing, sources knowledgeable about the startup told The world. The Toronto firm is still sorting out how much existing investors -- a mixture Read more [...]

Alphabet Inc. is best known for its signature product, the Google search engine. But it's helpful to consider it as a company that builds platforms -- applications that functions as a foundation for an increasing collection of services and technologies that people use daily.It practically owns the internet advertising market through its search stage, it's a major player in the smartphone ecosystem with its Android platform, it's a massive player in the cloud-computing platform, and of course playing Read more [...]

Netflix Inc added more subscribers than anticipated around the world from the next quarter and estimated growth in line with Wall Street forecasts, saying it had a head start on rivals as internet tv expands globally.Shares of the world's leading online video streaming service touched a record high on Monday and rose a further 1.2 percent after hours to $205.07. They're up about 64 percent this year.For the next quarter, Netflix additional 5.3 million subscribers around the world, compared with Read more [...]

Facebook Inc on Friday launched a service through which its U.S. users can purchase food for take-away or shipping straight through its program or website.Facebook said it has partnered with restaurants such as Chipotle Mexican Grill Inc, Jack in the Box Inc , Five Men and Papa John's International Inc..The organization said in a blog post that it's also signed on food ordering services like EatStreet,, DoorDash and Olo. Users will need to go into the "order Read more [...]

French industrial giant Thales SA has been the latest in a slew of foreign multinationals to start an artificial intelligence research lab in Montreal.The company, which employs 1,800 people in Canada, is announcing Tuesday it will open a laboratory in Montreal early next year in cooperation with the Montreal Institute for Learning Algorithms (MILA), with plans to employ 50 AI scientists from mid-2019. Thales' AI-related study is focused in Paris, where it employs 120 AI research scientists and Read more [...]

Shares in Canadian software company Shopify Inc. plunged following a U.S. research firm assaulted its business model and claimed that its advertising practices should be investigated by American authorities.The stock closed down 11.5 percent in heavy trading, cutting $1.4-billion off its market value, after Beverly Hills, Calif.-based Citron Research alleged Shopify's company was "dirtier than Herbalife" and stated the Ottawa-based firm had "mastered the excellent ol' get-rich-quick scheme." Herbalife Read more [...]

Traveling by hyperloop -- pod-like trains that can travel at near-supersonic rates inside futuristic glass tubes -- is still years off. However, the debate over what impacts such transport could have on towns and property is already hitting the fast track.In one corner are hyperloop programmers, who state that considerably reduced travel times between cities and towns will reshape how and where people reside in positive ways. In the other corner are skeptics who wonder if the assured disruption Read more [...] Inc.'s call for pitches from towns hoping to become home to the online merchant's new headquarters has touched off a frenzy in city halls across america andnbsp;Canada.Cities are crafting demonstrations that boast of the features in hopes of being chosen as the location where Amazon will employ as many as 50,000 people and invest $5-billion (U.S.) as it develops its next company headnbsp;office."This is shaping up to be the mother of bidding wars," said Scott Galloway, a professor at Read more [...]

Ontario's MaRS Discovery District has hired a new CEO following a yearlong search, naming Toronto-based tech entrepreneur Yung Wu into the top post in a statement Thursday morning."I think it was a ballsy move by the board," said Mr. Wu, a self-described serial entrepreneur who's also on the Ryerson DMZ advisory board. "We are all about entrepreneurs and founders, that is what I have been doing most of my professional career."Mr. Wu states that MaRS, since the biggest innovation hub in Canada Read more [...]