Connect with us

Technology

/C O R R E C T I O N — Innovation, Science and Economic Development Canada/

Published

on

In the news release, Government of Canada makes a contribution to Canadian AI company to advance digital experiences for enterprises, issued 12-Sep-2024 by Innovation, Science and Economic Development Canada over CNW, we are advised by the agency that “Strategic Investment Fund” in the second paragraph should read “Strategic Innovation Fund.” The complete, corrected release follows:

Government of Canada makes a contribution to Canadian AI company to advance digital experiences for enterprises

Contribution in Coveo Solutions Inc. will generate significant research and development opportunities in Canada

MONTRÉAL, Sept. 12, 2024 /CNW/ – Artificial intelligence (AI) is one of the greatest technological transformations of our time, enabling economic development and productivity enhancements, as well as new opportunities for workers in various sectors. The federal government is committed to driving the safe, ethical and responsible development and adoption of AI across Canada’s economy and society.

Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced a contribution of $15.2 million through the Strategic Innovation Fund to support Coveo Solutions Inc.’s (Coveo) project to enhance its platform with new, cutting-edge AI technology. Coveo’s $100 million project will enhance the Coveo Platform with generative AI capabilities and other innovations, allowing enterprises to efficiently develop and deploy AI solutions that will provide personalized user experiences to customers and employees. This project, which aims to build new and exciting AI tools, encourages investment in technical AI resources in Canada. It also allows the opportunity to work closely with Canadian universities and research institutes and keep talented people working in Canada. The project fits with Canada’s national plan to be a leader in AI.

The government is committed to maintaining Canada’s leadership in AI, with the goal of creating long –term economic growth and high-quality job opportunities. This contribution is expected to create and maintain 590 highly skilled jobs, demonstrating the tangible benefits of supporting AI innovation in Canada. Additionally, the project will foster collaboration between Coveo and Canadian research institutes and universities, further strengthening the country’s AI ecosystem through joint research and development activities. 

Quotes

“Our government supports AI as a channel for innovation, enabling companies to develop new products that better serve Canadians. This sector is expanding rapidly, and we are investing in exciting ventures to drive economic growth and increase productivity, all while opening up new opportunities for work in a variety of sectors that touch AI.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

“Coveo is thrilled to partner with the Government of Canada. Support through the Strategic Innovation Fund will enable us to accelerate the development of our AI Search and Generative Experience Platform, empowering enterprises to thrive in the generative AI era. We believe that the innovations resulting from this partnership will not only enhance Coveo’s competitive edge as a leading Canadian AI firm but also strengthen our ability to expand our workforce and customer base in Canada. Additionally, this investment will allow us to deepen our commitment to applied research, helping to sustain Canada’s leadership in the AI sector.”
Laurent Simoneau, Co-Founder, President and Chief Technology Officer, Coveo Solutions Inc.

Quick facts

Incorporated in 2004, Coveo is headquartered in the City of Québec and currently employs more than 700 people in Canada and around the world. The public company is growing fast and is a globally recognized leader in the application of AI platforms to help businesses deliver competitive, leading e–dge digital experiences.Coveo’s search and recommendations cloud platform connects all of an enterprise’s data sources in a unified index and makes this information available to end users through AI-powered services, delivering personalized and relevant search results.This project will enhance the Coveo platform by adding advanced generative AI capabilities and other innovations, allowing enterprises to efficiently develop and deploy AI solutions powered by their entire enterprise knowledge base. This technology platform has the potential to serve as a key pillar of an enterprise architecture to make data available to all AI experiences in a wide range of industries, improve customer service, and enhance how companies manage their data.The Strategic Innovation Fund (SIF) supports research, development and the commercialization of new products that pave the way for Canada to be a global innovation leader and attract investments that create jobs. The Government of Canada launched SIF in Budget 2017 to ensure Canada remains a top destination for businesses to invest, grow and create jobs.The Pan-Canadian AI Strategy is bridging world-class talent and research capacity with programs to enable commercialization and adoption to help ensure that Canadian ideas and knowledge are mobilized and commercialized here at home.Budget 2024 lays out $2.4 billion in investments to help secure Canada’s AI advantage by growing Canada’s AI sector, helping researchers and businesses develop and adopt AI and build trust.

Associated links

Strategic Innovation FundCoveo SolutionsPan-Canadian AI Strategy

Stay connected

Find more services and information on the Innovation, Science and Economic Development Canada website.

Follow Innovation, Science and Economic Development Canada on social media.

X (Twitter): @ISED_CA | Facebook: Canadian Innovation | Instagram: @cdninnovation | LinkedIn: Innovation, Science and Economic Development Canada

SOURCE Innovation, Science and Economic Development Canada

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Reliance Digital Brings Samsung’s Latest Galaxy Z Fold8 Series and Galaxy Z Flip8 to Stores Across India

Published

on

By

Be among the first to own the new Samsung Galaxy Z Fold8 series and Galaxy Z Flip8. Customers can now pre-order the latest Galaxy foldables at Reliance Digital, with EMIs starting at ₹6000/month.

MUMBAI, India, July 25, 2026 /PRNewswire/ — Reliance Digital, India’s leading consumer electronics retailer, today announced the availability of Samsung’s latest generation of foldable smartphones – the Galaxy Z Fold8 Ultra, Galaxy Z Fold8 and Galaxy Z Flip8. Designed to deliver the next evolution of Galaxy AI, powerful performance and iconic foldable innovation, Samsung’s newest line-up is now available across Reliance Digital stores and online.

Built around Samsung’s vision of making AI more intuitive and personal, the new Galaxy foldables combine immersive displays, premium craftsmanship and intelligent experiences that seamlessly adapt to the way users work, create and stay connected.

Leading the line-up is the Galaxy Z Fold8 Ultra, Samsung’s most premium foldable yet. Featuring an expansive 8-inch Dynamic AMOLED 2X main display, a flagship 200MP camera, the latest Snapdragon® 8 Elite Gen 5 for Galaxy processor and a 5,000mAh battery, the device is engineered for users who demand the ultimate in productivity, creativity and entertainment. It is available in Graphite, Cream and Violet Shadow,.

The Galaxy Z Fold8 brings Samsung’s signature foldable experience in a more compact form factor, featuring a 7.6-inch Dynamic AMOLED 2X main display, a redesigned wider cover screen, Galaxy AI-powered multitasking and flagship-grade performance. Customers can choose from Lavender, Graphite and Cream colour options.

Completing the line-up is the Galaxy Z Flip8, Samsung’s most stylish foldable smartphone, designed for users who want flagship performance in a compact, pocket-friendly form. Equipped with a vibrant 6.9-inch Dynamic AMOLED 2X display, an enhanced FlexWindow, a 50MP camera system and Galaxy AI experiences, the Flip8 effortlessly blends fashion with functionality.

Customers can visit their nearest Reliance Digital store to experience the new foldables first-hand with guidance from Reliance Digital’s Tech Dosts, compare models, explore exclusive launch offers and Pre-order the Galaxy device that best fits their lifestyle. The complete Galaxy Z Fold8 series and Galaxy Z Flip8 are also available through Reliance Digital’s online platform, ensuring customers can be among the first to own Samsung’s latest foldable innovations.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/reliance-digital-brings-samsungs-latest-galaxy-z-fold8-series-and-galaxy-z-flip8-to-stores-across-india-302834321.html

Continue Reading

Technology

Weichai’s Five Tech Routes Global Debut: Diverse Paths to a Green, Smart Future

Published

on

By

HANOI, Vietnam, July 25, 2026 /PRNewswire/ — At VEC in Vietnam on July 21, the Shandong Heavy Industry global partners conference & green intelligent products expo opened. Responding to the green transition of global commercial vehicles and heavy equipment, Weichai – with decades of expertise – unveiled five core tech routes: BEV, HEV, PEMFC, alternative-fuel ICE, and ADAS. Through full-chain proprietary control and breakthroughs, it provides efficient, low-carbon, intelligent power solutions to the global market.

Battery electric vehicle powertrain: full-chain deployment and high-efficiency recharging: Weichai masters core battery, motor, and e‑control technologies. Its CT100 battery – for heavy tractors and dump trucks – features integrated design and triple insulation, delivering better reliability, efficiency, safety, and speed. The WMS3200 drive system, tailored for heavy‑truck haulage, boosts efficiency and cuts vehicle power consumption. The WMC‑L/H/B integrated controllers offer stable, efficient control for light trucks, heavy trucks, and buses.

Hybrid electric vehicle powertrain: deep integration and ultra-long range: Weichai covers series, parallel, and series-parallel architectures, deeply integrating engine and e-drive. For urban logistics, the WP2.5T range extender offers quick response and low noise; for long-haul transport, the WP3NNG natural-gas range extender uses a “pure electric for short hauls, range-extended for long hauls” mode, with over 1,000 km combined range, easing range anxiety.

Proton exchange membrane fuel cell: zero-carbon leadership: Weichai has built a full-chain hydrogen energy system covering components, stacks, and systems. The WEF300 fuel cell engine has been deployed in volume in 49-ton heavy-duty trucks, suitable for long-haul and port logistics. The WEFG500 power generation system provides megawatt-class scalable power to support data centers and industrial plants.

Alternative fuel internal combustion engine: diverse clean-energy options and exceptional cost-effectiveness: Modular design enables flexible switching between H₂ and methanol. WP15DI hydrogen ICE peaks at 46.8% thermal efficiency; WP17T methanol ICE targets heavy‑equipment energy use, cuts operating costs, and is mass‑deployed in 130‑ton mining trucks.

Intelligent driving assistance system: vehicle-road-cloud collaboration: Weichai built a vehicle‑road‑cloud full‑stack architecture, with mining autonomous solution for cm‑level docking & obstacle avoidance, and trunk‑line ADAS with intelligent cruise & auto lane‑change, boosting high‑speed safety and economy.

Going forward, Weichai will keep iterating these five tech routes with global partners to advance sustainable manufacturing.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/weichais-five-tech-routes-global-debut-diverse-paths-to-a-green-smart-future-302834548.html

SOURCE Weichai Group

Continue Reading

Technology

Portland General Electric declares dividend

Published

on

By

PORTLAND, Ore., July 24, 2026 /PRNewswire/ — The board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share.

The company’s dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company’s amount and timing of dividends payable as well as other statements containing words such as “committed to,” “targets,” or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company’s business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE’s credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov and on the Company’s website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302834503.html

SOURCE Portland General Company

Continue Reading

Trending