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TELUS and Government of Canada advance work to scale Canada’s sovereign AI infrastructure

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With Canada’s first Sovereign AI Factory in Rimouski, Quebec, now sold out, TELUS is expanding its sovereign AI infrastructure with three world-class facilities in B.C.

Designed to be the world’s most sustainable sovereign data centres, the cluster will scale to over 60,000 GPUs and 150 MW by 2032

VANCOUVER, BC, May 11, 2026 /CNW/ – TELUS is advancing work with the Government of Canada on a proposed Sovereign AI Factory cluster under the federal Enabling Large-Scale Sovereign AI Data Centres initiative – a program designed to build the sovereign, high-performance AI compute infrastructure Canada needs to compete in the global AI economy. TELUS, Westbank and the Government of Canada are working together on the details of this collaboration, as TELUS scales its Sovereign AI Factory network across three world-class facilities in British Columbia, delivering one of the world’s most powerful and sustainable AI infrastructure clusters – built on Canadian soil.

“We are incredibly proud to be working with the Government of Canada to help build Canada’s sovereign AI infrastructure,” said Darren Entwistle, President and CEO of TELUS. “The unprecedented demand that completely sold out our first AI Factory in Rimouski proves that Canadian innovators want cutting-edge AI built right here on Canadian soil. Following this modular, demand-driven approach, we are developing our B.C. sovereign AI cluster as a direct response to that market demand. This will serve a rapidly growing ecosystem of Canadian businesses, entrepreneurs, startups, researchers, public institutions and government organizations that require world-class AI compute without sending their data, intellectual property and competitive advantage outside Canadian borders.By scaling our infrastructure to more than 60,000 high-performance GPUs, we are doing more than just building technology; we are injecting $9 billion into the Canadian economy and safeguarding our nation’s most sensitive data. Furthermore, we are running these facilities on 98% clean energy and utilizing our groundbreaking liquid cooling and heat recovery technology. By recycling waste heat back into the grid, these facilities will heat more than 150,000 homes in metro Vancouver, lowering energy costs for British Columbians and eliminating the overall carbon footprint. Indeed, we are sending a clear message to the world: Canada will lead the AI revolution with uncompromising technological power and unparalleled climate leadership.”

TELUS’ first Sovereign AI Factory in Rimouski, Quebec, opened in September 2025 and is recognized as Canada’s fastest and most powerful supercomputer on the prestigious global TOP500 list, is fully sold out.

“Securing Canada’s technological independence is a national priority, and it requires building the infrastructure to back it up,” said The Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation. “By working with TELUS, we are taking concrete action to strengthen Canada’s sovereign AI capacity and ensure that Canadian innovation, data, and economic advantages are anchored in Canada. This is how Canada competes in the AI-driven economy.”

Leveraging an initial 85 megawatts (MW) of clean, renewable power secured from BC Hydro, TELUS is expanding its existing Kamloops data centre and developing two new Vancouver facilities with Westbank and its partners. The Kamloops AI Factory will come online later this year; the M3 facility in Vancouver’s Mount Pleasant neighbourhood will open at the end of 2026 and scale through 2028; and the 150 West Georgia facility will come online in 2029, with the cluster’s total capacity scaling to over 150 MW by 2032.

At full scale, the three-site cluster will house AI infrastructure featuring high-performance NVIDIA GPUs to support large-scale AI model training, complex simulations and production-scale deployment. As the first North American service provider to become an official NVIDIA Cloud Partner, TELUS will leverage NVIDIA’s most advanced accelerated computing technology – including NVIDIA Vera Rubin and NVIDIA Grace Blackwell platforms connected with NVIDIA Quantum InfiniBand and NVIDIA Spectrum-X Ethernet networking, powered by NVIDIA AI Enterprise software – ensuring Canadian organizations can build and deploy AI on the same cutting-edge infrastructure powering the world’s most advanced AI systems.

Designed to be some of the world’s most sustainable sovereign AI data centres, the Vancouver facilities will set a new global standard for sustainable AI infrastructure. Powered by 98% renewable energy, the facilities are designed to integrate into the City of Vancouver’s Neighbourhood Energy Utility in Mount Pleasant and Creative Energy’s downtown district energy system, supporting the decarbonization of over 50M sq ft of real estate. A closed-loop liquid cooling system will reduce cooling energy consumption by 80% compared to traditional data centres, while recycling electricity as carbon-free thermal energy to heat the equivalent of 150,000 homes. Water consumption will be 90% lower than traditional data centres, with plans to incorporate recycled water from BC Place.

“TELUS has proven over the past year that sovereign AI infrastructure built on trusted telecom platforms delivers real results; in fact, AI-native companies are already training, deploying, and scaling on TELUS’ NVIDIA-powered platform,” said Ronnie Vasishta, Senior Vice President, Telecom, at NVIDIA. “This next phase of growth validates how trusted telcos like TELUS become the infrastructure layer of a nation’s economic future.”

“People toss around the word innovation lightly, but this is a story of true Canadian innovation,” said Ian Gillespie, Founder and CEO, Westbank. “We first became involved in district energy after our success developing a low carbon utility TELUS Garden. After years of R&D, working with our partners at TELUS, BC Hydro, Creative Energy, the City of Vancouver, Province of BC and now the Federal Government, we have arrived at the most elegant low-carbon solution – effectively using every electron twice, to produce environmentally responsible Sovereign AI infrastructure. This, as our Prime Minister would say, is using our values to create value.”

Once fully scaled, this powerful cluster is expected to deliver approximately $9 billion in economic value to British Columbia, create more than 1,000 construction jobs and hundreds of high-skilled operations roles – cementing B.C. as a Canadian hub for sovereign AI innovation and a destination for technology investment, talent and research. This project represents TELUS’ commitment to the province of B.C. and positions Vancouver as a strategic digital gateway to Asia-Pacific markets through direct, low-latency connectivity.

“Through our Look West strategy, B.C. is ensuring our clean electricity is directed where it delivers the most value for British Columbians,” said Ravi Kahlon, Minister of Jobs and Economic Growth. “By prioritizing projects by B.C.’s many innovative companies who are using AI to solve challenges, focusing on data sovereignty, and working in alignment with our federal partners, we’re ensuring our clean power supports good-paying jobs and prosperity across the province.”

“Vancouver is one of North America’s great technology hubs,” said Mayor Ken Sim, Vancouver. “It’s important that we are building the infrastructure to support our City and our country’s technology goals. As AI rapidly moves from research into real-world deployment, the next generation of AI applications will demand ultra-low latency that only urban infrastructure can deliver. These world-class facilities in the heart of Vancouver will attract high-value investment, create skilled jobs, and ensure our city’s businesses are first in line for the most advanced AI capabilities available.”

Reflecting TELUS’ commitment to the ethical and responsible use of AI, TELUS is the first telco to sign the Canadian Voluntary code of conduct for AI, was the first in the world to be Certified as ISO Privacy by Design, and the first Canadian company to commit to the Hiroshima AI Process reporting framework. As a result of the company’s efforts to integrate responsible practices into its AI systems, foster trust and benefit society, TELUS was recognized by the Responsible AI Institute for its global leadership in responsible AI.

TELUS’ Sovereign AI Factory supports the full AI development lifecycle — from model training and fine-tuning to real-world deployment to inference at large scale within a single platform — all on infrastructure owned, operated, and governed entirely within Canada. To learn more, visit telus.com/AIFactory.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 21 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.

For more information, visit telus.com or follow @Darren_Entwistle on Instagram.

For more information, please contact:

NATIONAL Public Relations
Rachel Campbell
rcampbell-f@national.ca
Meagan Conn
mconn@national.ca

Forward Looking Statements

This news release contains statements about future events and plans that are forward-looking, including statements relating to TELUS’ plans to invest in and expand its sovereign AI infrastructure now through 2032. These forward-looking statements are made based on a number of assumptions, including assumptions about future economic conditions and courses of action. Readers are cautioned not to place undue reliance on them as there is significant risk that actual results may vary materially from these forward-looking statements, including as a result of risks relating to regulatory decisions and developments, the competitive environment in which we operate, and our operating and financial results.

The forward-looking statements in this news release are subject to the cautionary note and based on the assumptions, qualifications and risks described in detail in TELUS’ 2025 annual Management’s discussion and analysis (MD&A) and first quarter 2025 MD&A, which are incorporated by reference herein, and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at sedarplus.ca) and in the United States (on EDGAR at sec.gov). Forward-looking statements describe TELUS’ expectations and are based on our assumptions as at the date of this press release and are subject to change. These statements are made pursuant to the “safe harbour” provisions of applicable securities laws in Canada and the United States Private Securities Litigation Reform Act of 1995. Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements.

SOURCE TELUS Communications Inc.

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Rocket Money’s Rowan Rewrites What AI Can Do in Personal Finance

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Rocket Money’s new AI financial assistant, developed with Anthropic, takes money management out of apps and dashboards and puts it into conversational texts

DETROIT, Aug. 25, 2026 /PRNewswire/ — Rocket Money, part of Rocket Companies (NYSE: RKT), today launched Rowan, an AI agent that goes beyond analysis, monitoring consumer’s finances and even acting on their behalf, all through simple text messaging.

Rocket Money’s AI financial assistant puts management into conversational texts.

Powered by Anthropic, Rowan watches spending around the clock. When it spots a way to save, it sends a text. The consumer replies in plain language and Rowan handles the rest. It can renegotiate recurring bills, cancel subscriptions and even create automated savings transfers.  

Most personal finance apps are passive, showing a dashboard that leaves the real work up to the consumer. Rowan does the work for them.

“What we’ve built with Rowan wasn’t possible even 12 months ago,” said Aaron Dignan, VP of Agentic Products at Rocket Money. “It finds the money slipping through the cracks, the forgotten subscriptions, the bills that creep up, and it actually does something about them. That’s the difference between knowing and acting.”

Rowan is built on a sophisticated stack of AI agents trained with Rocket Money data. The result is something unprecedented: a system that monitors your finances, applies advanced reasoning, and proactively engages to give you knowledge and control over your personal finances. Rowan identifies opportunities and executes complex tasks in the real world based on your instructions.

Consider a client that signs up for a free month of streaming that then goes unused.  Rowan doesn’t forget, three weeks later it will send a text asking the consumer if they are enjoying the service or if they would like to cancel before incurring a charge.  If the member replies “cancel” Rowan contacts the service, cancels the trial and confirms when it is done. One word, no logging in, no lengthy conversations and no hold music.

Maybe someone wants to save money while still enjoying their morning coffee. They simply text Rowan: “Every time I buy a coffee, round up to the nearest dollar and put the extra change in my high-yield savings account.” Rowan sets up the process. From that moment forward, every coffee purchase triggers an automatic rounding and transfer.

That is a monumental leap from passive to proactive financial management, going from “here’s what you spent” to “here’s how I can help.”

The system is also constantly improving. When Rowan encounters something unexpected, such as a subscription service with an unusual cancellation flow, it learns. It diagnoses the issue, finds a solution and deploys it across the entire system. Each edge case solved becomes a permanent improvement for every consumer.

“This architecture moves us from ‘this is cool’ to ‘this is incredibly powerful and can help me maximize my money,” said Chase Adams, VP of AI Engineering at Rocket Money. “We built it with adaptable agents where you need flexibility and strict code where you need certainty, and our team is engaged throughout to provide human verification.”

Rowan is available to select Rocket Money subscribers now as part of a new Premium Plus tier, with broader availability coming later this year.

ABOUT ROCKET MONEY

Rocket Money is a personal finance app designed to help people manage their money, track spending, monitor subscriptions, build savings, and improve their overall financial health. Originally founded as Truebill and acquired by Rocket Companies in 2021, Rocket Money helps users understand where their money is going, identify opportunities to save, manage recurring expenses, track net worth and credit, and take action through features such as subscription management, budgeting, bill negotiation, automated savings, and Rowan, its AI-powered financial agent. Rocket Money is part of Rocket Companies (NYSE: RKT), a Detroit-based fintech platform company.

For more information, please visit www.rocketmoney.com.

ABOUT ROCKET COMPANIES

Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based fintech platform including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Rocket Close, Rocket Money and Rocket Loans. With insights from more than 160 million calls with clients each year, 30 petabytes of data and a mission to Help Everyone Home, Rocket Companies is well positioned to be the destination for AI-fueled homeownership. Known for providing exceptional client experiences, J.D. Power has ranked Rocket Mortgage #1 in client satisfaction for primary mortgage origination and mortgage servicing a total of 23 times, the most of any mortgage lender.

For more information, please visit www.rocket.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rocket-moneys-rowan-rewrites-what-ai-can-do-in-personal-finance-302859522.html

SOURCE Rocket Money

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Veridian Credit Union launches Money Moves to help members build financial confidence, achieve goals

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WATERLOO, Iowa, Aug. 25, 2026 /PRNewswire/ — Veridian Credit Union has launched Money Moves, a new financial empowerment program designed to help members build confidence, strengthen financial habits and take meaningful steps toward their financial goals.

The program combines financial education, personalized coaching and financial incentives to help participants increase savings, improve credit and reduce debt. Through one-on-one guidance and practical tools, Monday Moves helps participants create a personalized plan that works for their unique circumstances and long-term goals.

“Financial success should be within reach for everyone,” said Ana Hernandez Eveland, Veridian’s Financial Empowerment Strategist. “Money Moves is about meeting people where they are and giving them the guidance, resources and encouragement they need to move forward with confidence. Whether someone is focused on building savings, improving credit or paying down debt, we’re here to help them take the next step.”

Participants who successfully complete the program may qualify for a $250 matching incentive that can be used toward a secured credit card, starter certificate of deposit or debt repayment, helping reinforce the financial progress they make during the program.

Money Moves is free to attend, though advance registration is required. Individual sessions begin mid-September in Cedar Rapids, Waterloo and Omaha, and Oct. 1 in Des Moines. Details are available at veridiancu.org/moneymoves.

Founded in 1934, Veridian Credit Union is a member-owned financial cooperative dedicated to improving the financial well-being of its members. With 32 branches across Iowa, eastern Nebraska and the Twin Cities metro area, Veridian provides a full range of personal and business financial services desigened to help members build confidence and reach their goals. As a not-for-profit credit union, Veridian returns value to its members through competitive products, trusted guidance and a commitment to helping people ahcieve lasting financial success.

View original content to download multimedia:https://www.prnewswire.com/news-releases/veridian-credit-union-launches-money-moves-to-help-members-build-financial-confidence-achieve-goals-302859521.html

SOURCE Veridian Credit Union

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Cresset Expands to Boca Raton, Welcomes $4 Billion Advisory Team

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Led by Michael Bober and Ed Ventrice, the team previously managed approximately $4 billion in client assets at UBS and has deep connections to the Boca Raton community

BOCA RATON, Fla., Aug. 25, 2026 /PRNewswire/ — Cresset announced today that it is expanding to Boca Raton, Fla., with the addition of a 16-person advisory team led Michael Bober, and Ed Ventrice. The team previously managed approximately $4 billion in client assets for UBS. The team also includes Michael MacDonald, William “Billy” Marino, Sarah Ponczek, and Alex Santos.

Bober and Ventrice each bring more than three decades of experience advising corporate executives, business owners, high-net-worth individuals, multigenerational families, foundations and endowments, and professional athletes. Together with their team, they specialize in comprehensive wealth management, institutional consulting, business succession planning, and addressing the complex needs of families with significant wealth.

Prior to joining Cresset, Bober and Ventrice both served as Managing Directors with UBS Financial Services. Before transitioning to wealth management, each worked as a Certified Public Accountant with a national accounting firm. Their accounting backgrounds have helped shape the team’s integrated approach to wealth management and its focus on delivering coordinated advice across every aspect of a client’s financial life.

“We are excited to join Cresset and gain access to the breadth of resources and capabilities available through its independent, client- and employee-owned model. Cresset’s family office approach closely aligns with how we have always believed wealth should be managed—with a comprehensive, long-term perspective that extends well beyond investment management,” Ventrice said.

Cresset offers a comprehensive suite of family office services designed to address the interconnected needs of individuals and families with significant wealth. Its capabilities span investment management, private markets, tax preparation and planning, estate and trust services, business succession planning, property and casualty insurance advisory, and philanthropic planning for families, foundations, and endowments. Cresset also provides access to medical and travel concierge services through its expansive network, helping clients coordinate support across their financial and personal lives.

“Joining Cresset represents an exciting next chapter for our team and our clients. Cresset has built an exceptional platform around an integrated approach to wealth management, and we look forward to offering our clients those capabilities while continuing to provide the highly personal advice and service they expect,” Bober said.

“We are also proud to continue serving the Boca Raton community we know so well and to build upon the relationships we have developed here over many years,” Ventrice added.

Cresset’s open-architecture, multi-custodial model provides clients with access to leading custodians. This flexibility, combined with Cresset’s extensive wealth management and family office capabilities, allows advisory teams to deliver highly customized solutions based on each client’s specific needs.

“We are thrilled to expand our presence in South Florida to Boca Raton. Michael, Ed, and team have deep and longstanding relationships throughout the Boca Raton community, and we are honored to welcome them to Cresset and look forward to introducing more successful families to Cresset’s comprehensive family office offerings,” said Cresset CEO Susie Cranston

About Cresset
Cresset is a firm built by clients, for clients. As an independent, award-winning* multi-family office and private investment firm, we are reimagining the way wealth is experienced. Our purpose is to help ensure that both wealth and life are fully optimized**—integrated, intentional, and aligned with each client’s vision of success.

We provide access to the caliber of talent, ideas, and investment opportunities typically available to the largest single-family offices and institutions. Our approach is personalized, entrepreneurial, and client-first.

Proudly owned by our clients and employees, Cresset was built to endure. We are creating a 100+ year firm—one focused on delivering an exceptional experience, not only for the families we serve but for the team that serves them. Recognized by Barron’s and Forbes among the nation’s top multi-family offices,* Cresset is guided by long-term relationships, shared success, and a belief that wealth should serve a life well lived.

*Disclosures related to awards, recognitions, and rankings available here. Forbes Top RIA Firms (issued 10.2025). Based on data from April of the prior year through March of the award year. Rankings are determined by SHOOK Research using a proprietary methodology that considers qualitative and quantitative factors. Barron’s Top 100 RIA Firms (issued 09.2025). Based on data from July of the prior year through June of the award year. Rankings are determined using a proprietary methodology that considers qualitative and quantitative factors. Cresset paid a licensing fee to use the Forbes and Barron’s award logos.

**Wealth Optimized, Life Elevated refers to the firm’s philosophy and process in providing advisory and planning services and is not intended to convey a guarantee of results. 

Cresset refers to Cresset Capital Management, LLC and its respective direct and indirect subsidiaries and controlled affiliates. For a full list of Cresset subsidiaries and controlled affiliates, please see cressetcapital.com/disclosures/

View original content to download multimedia:https://www.prnewswire.com/news-releases/cresset-expands-to-boca-raton-welcomes-4-billion-advisory-team-302859530.html

SOURCE Cresset

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