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AI Minister Backs Anthropic’s ‘Responsible’ Mythos Rollout as Regulation Tightens

  Artificial Intelligence Minister Evan Solomon will meet with Anthropic leaders in response to concerns about the company’s new AI model. Canada’s Artificial Intelligence Minister says Anthropic is taking a “responsible and safety‑first approach” with its newly announced Mythos model family — a comment that comes as governments worldwide race to regulate rapidly advancing AI systems. According to public statements, the minister highlighted Anthropic’s emphasis on model transparency, safety evaluations, and controlled deployment , noting that these practices align with Canada’s push for clearer AI accountability standards. While the remarks were not tied to any specific policy change, they signal growing government interest in how frontier AI models could affect everything from cybersecurity to labour markets. For markets, the reaction has been modest but notable. AI‑linked equities — particularly cloud providers and chipmakers — saw small early‑morning gains , reflecting inves...
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BCE Slashes 9% of Workforce in Largest Restructuring in Decades

 

BCE Inc., Canada’s largest telecommunications firm, has announced a significant workforce restructuring, marking its most substantial effort in nearly three decades. The Quebec-based company plans to reduce its staff by approximately 4,800 positions in 2024, which amounts to about 9% of its total workforce. This move is aimed at aligning the cost structure with revenue potential across various business segments.

In addition to the workforce reduction, BCE expects to achieve in-year cost savings ranging from C$150 million to C$200 million (approximately $111 million to $148 million). Notably, the company has also made a 3.1% dividend increase, a departure from its usual 5% increase, signaling a strategic shift.

The telecom giant’s quarterly earnings report revealed adjusted earnings per share of C$0.76, surpassing the average analyst estimate of C$0.73. BCE’s decision reflects a proactive approach to adapt to changing market dynamics and optimize its operations.

This restructuring underscores BCE’s commitment to maintaining financial resilience while navigating industry challenges. As the company streamlines its workforce, it aims to position itself for sustained growth and efficiency in the ever-evolving telecommunications landscape.

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