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CIFAR to lead an AI safety research program in support of the Canadian AI Safety Institute

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MONTRÉAL, Nov. 12, 2024 /CNW/ – The Canadian Institute for Advanced Research (CIFAR) is proud to announce that it will play an essential role supporting the Canadian Artificial Intelligence Safety Institute (CAISI), a highly anticipated initiative unveiled today by the Government of Canada. This new institute is a pivotal step in ensuring the safe and responsible development and deployment of artificial intelligence (AI) technologies, reinforcing Canada’s position as a global leader in AI. 

Recent studies have shown that a lack of confidence in AI safety is currently blocking the adoption of AI technologies by many Canadian businesses, which risks impacting their competitive advantage and productivity. By addressing societal, technical and ethical challenges around AI, CAISI will play a crucial role in building trust in AI technologies and promoting their responsible adoption among Canadian business and institutions.

Building on its leadership role since 2017, when the Government of Canada identified CIFAR as a partner for the Pan-Canadian AI Strategy—making Canada the first country to implement such a strategy—CIFAR will now implement the applied and investigator-led research stream of the Canadian AI Safety Institute. Funded by a $27 million contribution to CIFAR from the Government of Canada, the applied and investigator-led research stream of CAISI will be steered by CIFAR, in collaboration with the National AI Institutes, and will take a multidisciplinary approach, engaging experts from diverse fields to mitigate and address both the short and long-term risk of AI systems. By partnering with research institutions across the country, it will further the research Canada’s experts have already started in areas of AI safety, such as detecting AI-generated content, contributing to the evaluation of advanced AI models, ensuring the safe adoption of AI in high-risk applications and ensuring privacy in AI systems.

“The Canadian Artificial Intelligence Safety Institute will propel Canada to the forefront of global efforts to use AI responsibly, and will be a key player in building public trust in these technologies. In a world that’s evolving quickly and full of unknowns, Canadians can be confident that we will always take the necessary steps to ensure the AI they use is safe, responsible, and trustworthy,” says the Honourable François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry.

The CAISI applied and investigator-led research stream will support priorities identified by CAISI, while considering key international reports such as the International Scientific Report on the Safety of Advanced AI, developed as part of a global initiative following the inaugural international AI Safety Summit in 2023. Yoshua Bengio, a Canada CIFAR AI Chair and Founder and Scientific Director at Mila, was appointed to lead the creation of this report.

To ensure a comprehensive and collaborative effort to understand and mitigate AI risks, CIFAR CAISI research activities will be guided by a Scientific Committee, which will include researchers and representatives from CIFAR, the National Research Council of Canada, and the country’s three National AI Institutes: Mila in Montréal, the Vector Institute in Toronto and Amii in Edmonton. The program will leverage the extensive expertise of these renowned institutes.

Stephen Toope, President and CEO of CIFAR, expressed his enthusiasm for the initiative, saying: “As the world grapples with the tremendous potential and the risks of AI, CIFAR is pleased to play a leading role in Canada’s response. The applied and investigator-led research stream at CIFAR will draw upon the strengths of Canada’s robust AI scientific community in order to advance world-leading research on AI safety, for the benefit of all.”

The launch of the Canadian AI Safety Institute marks a significant milestone as Canada joins a select group of countries with their own AI Safety Institutes, such as the United Kingdom and the United States. Just days before the inaugural meeting of the International Network of AI Safety Institutes in San Francisco and the upcoming AI Action Summit in Paris this February, Canada has now solidified its commitment to the safe development and adoption of AI technology.

“Canada has, over the course of decades, built a strong network of Canadian AI researchers, thanks in part to the Pan-Canadian AI Strategy,” comments Elissa Strome, Executive Director, Pan-Canadian AI Strategy at CIFAR. “Our world-leading scientists are highly engaged in the scientific questions that inform the development of safe and responsible AI. This initiative will ensure that Canada will continue to be a leader in the ongoing global scientific response and deployment of this new and powerful technology.”  

CIFAR is currently seeking to fill three open positions for Members at Large on its Scientific Committee. Applications are accepted until December 16, 2024, and can be submitted here.

About CIFAR

The Canadian Institute for Advanced Research (CIFAR) is a globally influential research organization proudly based in Canada. We mobilize the world’s most brilliant people across disciplines and at all career stages to advance transformative knowledge and solve humanity’s biggest problems, together. Through our 15 research programs and the Pan-Canadian AI Strategy, CIFAR convenes close to 400 of the world’s top researchers from 141 institutions in 20 countries. This community has included 23 Nobel Prize laureates, 3 Turing Award winners, 37 recipients of the Gerhard Herzberg Canada Gold Medal for Science and Engineering and 2 recipients of the Social Sciences and Humanities Research Council (Canada) Gold Medal. Our early-career programs attract and support some of the most exciting young researchers in the world today. We are supported by the governments of Canada, Alberta and Québec, as well as Canadian and international foundations, individuals, corporations and partner organizations.

SOURCE Canadian Institute for Advanced Research

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Bybit Renews P2P Super Deal with Up to 99% Savings for New Users

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DUBAI, UAE, Nov. 3, 2026 /PRNewswire/ — Bybit, the New Financial Platform trusted by more than 80 million users worldwide, has launched the latest round of its Bybit P2P Super Deal, a new-user exclusive promotion offering guaranteed coupons worth up to 99 USDT and savings of up to 99% on eligible P2P orders.

From now to March 30, 2027, P2P Super Deal continues Bybit’s long-running tradition of rewarding newcomers with meaningful incentives as they begin their crypto journey on the platform’s popular peer-to-peer marketplace.

Eligible new users may complete a first-time deposit or trade of just 10 USDT via Bybit P2P to unlock a guaranteed coupon valued between 10 and 99 USDT, which can be applied to the next eligible P2P order for savings of up to 99%.

How It Works

Signing up and verifications: New users must create a Bybit account and complete the necessary identity verification and visit P2P Super Deal to confirm eligibility.First deposit starting at 10 USDT: Participants can locate the “P2P Super Deal” task on the Bybit P2P Trading page and complete an initial deposit.Lucky draw chance: Upon completing the deposit task, a spin of the lucky draw wheel offers a chance to win a coupon valued at up to 99 USDT.Applying the coupon: The coupon can be applied to the next P2P order, reducing the fiat amount paid and delivering savings of up to 99%.

The latest Bybit P2P Super Deal presents a bonus opportunity. For participants who complete an eligible trading or deposit task at 100 USDT or more, an additional spin is available for them to unlock more chances to win higher-value rewards.

Bybit offers year-round benefits for the trading community across its products and services. Bybit P2P combines zero trading fees, support for a wide range of fiat currencies, and an enterprise-grade escrow system, making it an intuitive and powerful platform for both new and experienced traders.

More details on event mechanics, eligibility, and terms and conditions are available at: Learn more about the P2P Super Deal

#Bybit  / #NewFinancialPlatform 

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
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Asset manager margins squeezed as infrastructure bill climbs, PwC finds

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Infrastructure moves up the strategic agenda as asset managers confront margin pressure

LUXEMBOURG, Nov. 3, 2026 /PRNewswire/ — Infrastructure is moving from the back office to the centre of asset managers’ strategy. With profit per AuM down 19% since 2018 and projected to fall another 9.1% by 2030, decisions on what to build, buy or access through partners now shape how firms compete, according to PwC’s Global Asset Management Infrastructure: Rethinking the industry’s piping report. 67% say fee compression is limiting their ability to invest.

Spending is also tied to the past: only 23% of asset managers direct most of their technology budget to new capabilities, while 29% spend more than 70% of it maintaining legacy systems.

Surveying 150 asset managers and 50 infrastructure providers, the report finds AI is sharpening these constraints. Some 24% cite data fragmentation and 17% legacy systems as major barriers to scaling AI.

Roland Kastoun, Global Asset and Wealth Management Advisory Leader, PwC, notes: “The industry’s profits per dollar managed have fallen by almost a fifth, and the bill for the pipes keeps rising. The managers who survive the next five years won’t be the ones with the flashiest AI, but rather the ones who fixed the so-called boring stuff first.”

Market data is seen as poor value for money, with 58% ranking it among the most expensive infrastructure layers relative to the value delivered, ahead of regulatory reporting systems (47%) and core technology platforms (46%).

Meanwhile, some 70% of infrastructure providers expect a larger share of industry revenues, while 68% name hyperscale cloud providers as the main emerging threat.

“Seven in ten infrastructure providers expect to take a bigger slice of the pie, which tells you where the power in this industry is quietly shifting,” said Björn Ebert, Financial Services Leader, PwC Luxembourg.

Some 44% favour hybrid sourcing models combining in-house, bought and partnered capabilities, compared with 21% who prefer to buy, 18% to partner and 13% to build in-house.

The report identifies four emerging infrastructure archetypes, namely infrastructure orchestrators, digital and tokenisation platforms, specialist modular providers and integrated asset managers. No single model fits every firm. Each must decide what to own, what to standardise and where a specialist can do the job better. Those who decide early will be better placed to protect margins through 2030.

Media Contact
Penta Group, pwc@pentagroup.com

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Temu Partners with Latvian IT Cluster to Help Local Businesses Grow Online

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RIGA, Latvia, Nov. 3, 2026 /PRNewswire/ — Temu has signed a memorandum of understanding (MoU) with the Latvian IT Cluster (Latvijas IT klasteris) to support Latvia’s digital business ecosystem, providing local small and medium-sized enterprises (SMEs) with broader access to digital tools, knowledge, and international e-commerce opportunities.

Under the MoU, Temu will collaborate with the Latvian IT Cluster on its programs and activities, host educational webinars and exchange insights with local industry experts. The collaboration brings together Temu’s experience as an international marketplace operator and Latvian IT Cluster’s work helping businesses across sectors adopt digital tools.

Temu and Latvian IT Cluster hosted “The Path to Growth: Navigating E-commerce for European SMEs” on Oct. 20, drawing participants from local businesses across various industries. The webinar covered Temu’s Local Seller Program, logistics and regulatory requirements, and included a Q&A with Temu representatives.

“We are delighted to welcome Temu as a member of the Latvian IT Cluster. The involvement of internationally recognized companies in our ecosystem creates new opportunities for Latvian businesses to gain valuable knowledge, build connections, and strengthen their competitiveness,” said Aiga Irmeja, Chair of the Board at Latvian IT Cluster. “We are pleased that our partnership has already resulted in joint activities exploring e-commerce opportunities in Europe, and we hope this is just the first step towards further joint initiatives that will support the presence of Latvian businesses in the digital economy and international markets.”

The focus on practical guidance and direct dialogue responds to the challenges of complexity and connection, two of the key barriers to growth identified in Temu’s recent Small Business Insights Report, which was informed by meetings and discussions with over 100 European trade organizations.

“We want more small businesses in Latvia to benefit from the opportunities that e-commerce creates,” said a Temu spokesperson. “Working with Latvian IT Cluster brings us closer to local entrepreneurs, helping us understand their needs and support their ambitions to reach new customers and grow across Europe.”

Temu opened its Local Seller Program to businesses in Latvia in October 2025. In March 2026, it signed a logistics MoU with national postal operator Latvijas Pasts to support delivery and returns for local sellers.

About Temu

Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.

About Latvian IT Cluster

Latvian IT Cluster is an ICT association with around 100 members and 20 years of experience in advancing Latvia’s digital ecosystem. Through national and international initiatives, including the European Digital Innovation Hub, Digital Europe, Team Latvia and AI Studio, the association fosters innovation, digital transformation, knowledge sharing and cross-sector collaboration.

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