Direct Loan Canada Blog

Andrej Karpathy, Tesla’s director of artificial intelligence, announced Wednesday he’s leaving the company only months before its anticipated release of its long-delayed ‘full self-driving’ software to 1 million people. Tesla’s driver-assist features made significant advances in his tenure, but also have drawn increased scrutiny from regulators over their safety record.
Source: ctv business
Tesla’s head of AI, an ardent supporter of ‘full self driving,’ has exited the company

Bank of Canada governor Tiff Macklem is set to speak at a webinar hosted by the Canadian Federation of Independent Business on Thursday.
Source: ctv business
Bank of Canada governor Tiff Macklem to make speech following rate hike

Canada’s main stock index was down more than 300 points, led lower by losses in the energy, financial and base metal sectors, while U.S. stock markets also fell in early trading.
Source: ctv business
S&P/TSX composite down more than 300 points in early trading

Rogers Communications Inc has pledged to make the investments needed to avoid massive outages of the kind that crippled customer communications across Canada last week.
Source: ctv business
Rogers CEO vows investments to avoid repeat of massive outage

As global droughts, extreme weather patterns and supply chain disruptions affect crops worldwide, add chickpeas to the list of food commodities suffering dwindling production and distribution, according to the non-profit Global Pulse Confederation.
Source: ctv business
Hummus shortage? Chickpea crops dwindling, prices rising this year

Rogers Communications Inc.’s move to credit its customers with the equivalent of five days of service following the massive outage that crippled its network last week is ‘wholly inadequate,’ a legal expert said.
Source: ctv business
Rogers’ five-day refund ‘wholly inadequate’ legal expert says

The euro is hovering close to parity with the dollar, falling to its lowest level in 20 years and even briefly touching a one-to-one exchange rate with the U.S. currency this week.
Source: ctv business
What’s the impact of euro parity with the U.S. dollar?

A scorching heat wave in China has forced a major manufacturing region to appeal to businesses and households to use less power, while fear of crop failure is sending pork prices soaring.
Source: ctv business
Chinese heat wave threatens power shortage, higher pork prices

OPEC expects global oil demand to rise in 2023 but at a slower pace than 2022, the producer group said in its first forecast for next year, citing still robust economic growth and progress in containing COVID-19 in China.
Source: ctv business
OPEC sees slower 2023 oil demand growth, no big shale gain

Living arrangements that places multiple generations of one family under the same roof is becoming increasingly common, according to Statistics Canada’s latest tranche of census data.
Source: ctv business
Roommates, multi-generational homes rising amid increasing costs, immigration: census