ExPresidents son Namal Rajapaksa arrested again by FCID

Former President Mahinda Rajapaksa’s son Namal Rajapaksa was arrested today by the police Financial Crimes Investigations Division (FCID).Rajapaksa was arrested after being questioned over shares he had acquired from Hello Corp. Namal Rajapaksa was arrested earlier this year as well but was later released on his bail.He produced in court today and was remanded till August 22.

Montreal startup Element AI nabs US102 million in investments for expansion

Montreal startup Element AI nabs US$102 million in investments for expansion TORONTO – A Montreal startup is getting a total of US$102 million from Microsoft, Intel and several other investors that will fund the eight-month-old company’s drive to become a leader in artificial intelligence.Element AI chief executive Jean-Francois Gagne says the new round of funding will pay for 250 jobs and offices in Toronto and Asia that the company aims to have in place by January.Gagne says Element AI’s goal is to create a Canadian publicly listed company that brings AI capabilities to traditional industries, such as manufacturing and financial services.In addition to the prominent technology giants, some of the funding will come from National Bank and Fidelity Investments Canada.Gagne says confidentiality agreements prevent Element AI from saying how much it received from each investor or how much of the total equity was purchased by the new investors.Gagne co-founded Element AI in October with fellow entrepreneur Nicolas Chapados, the Real Ventures fund and Yoshua Bengio, an AI pioneer and professor at the Universite de Montreal. by The Canadian Press Posted Jun 14, 2017 6:01 am MDT Last Updated Jun 14, 2017 at 6:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more