Evening Update: Celebrities including Drake join Wealthsimple financing round, raising valuation to $5-billion; University of Alberta forges close research ties with China despite intelligence warnings

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Also in the news today, Bill and Melinda Gates have announced they are ending their marriage

Wealthsimple announces landmark $750-million financing from investor group including Drake, Ryan Reynoldsfor online Canadian bank challenger Wealthsimple Technologies, which announced a $750-million deal today that is backed by some of Silicon Valley’s leading venture funds. The deal also includes celebrities such as Drake, Michael J. Fox and Ryan Reynolds..

University of Alberta forges close research ties with China despite warnings from intelligence agenciesextensive scientific collaboration with China that involves sharing and transferring research in strategically important areas such as nanotechnology, biotechnology and artificial intelligence. In some cases, professors and researchers have set up companies in joint ventures with Chinese companies and state institutions to commercialize Canadian-developed technology.

The university has declined to discuss its research activities with China other than to say that “we have received no directives related to China” from the federal government to stop its engagement with Chinese institutions.The Canadian Security Intelligence Service and U.S. intelligence agencies have warned that Chinese companies and academics are being compelled to share work they have carried out with Western researchers with China’s military, security and industrial apparatus.

 

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