Patagonia founder Yvon Chouinard, along with his family, gave away control of the ~US$3 billion company to a trust and a nonprofit organization tackling environmental issues.
Adobe agreed to buy design software company Figma for US$20 billion in what will be the largest acquisition ever of a private software company if it gets approved.
Walmart has launched its Be Your Own Model tool, which uses a user’s full-body photo to simulate the dressing room experience with Walmart fashion finds.
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Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Dairy victory 🐮 — Canada wins diary dispute with US. Scientists develop electronic nose to prevent food poisoning. The limit does not exist for Germany’s spending.
Spy trial 🕵️♀️ — OpenAI and the case of the mystery letter. Canada’s momentous spy trial comes to a close. A truce between Israel-Hamas starts today.
Ski subscribers 🎿 — Sam Altman is the once and future CEO of OpenAI. Wild pigs are taking over. Ski resorts turn to subscriptions.
Battery breakthrough 🔋— C ya, CZ. Québec just bowled a turkey, ‘cause it’s got three straight strikes. Northvolt makes EV battery breakthrough.
Fall update 💸 — The Las Vegas grand disappointment. Amazon wants you to go back to (AI) school. An update on the fall economic update.
AI battle 👾 — OpenAI had a hectic weekend. SpaceX reaches space with Starship for first time. Xi makes a splash in America
Weather AI 🌧️ — Meet your new weather forecaster: AI. GM buys itself a win over Tesla. Family docs drop plan to require extra training.
Netflix for Sports ⛳️ — US and China to announce fentanyl deal. Netflix tees off its live sports offerings. Nicotine pouches pose danger to kids, experts warn.
Dry IPO market 📉 — What’s wrong with the IPO market? Realtors’ fees in North America are under attack. Canadian tennis is on the come-up.
Carbon tax carveouts 🪓 — Pressure mounts to overhaul carbon tax. Japan hits nuclear fusion milestone. The government gets to cutting.
Ozempic competitors 💉 — Will an Ozempic competitor emerge? Ontario’s new foreign worker rules. Huawei is still patenting Canadian research.
Airships rising 🛫 — Alberta plans to upend its healthcare system. Can airships make a comeback?
WeBankrupt 🏢 — WeWork declares bankruptcy. The CRTC takes on Canada’s telecom giant. Global wine output is drying .
Dating CEO 👩💼 — Bumble hopes its new CEO is the perfect match. The down-low Google vs. Epic Games. Social media is ready for its own kind of retail therapy.
AI influencers 📸 — AI influencers are taking over. Pre-tip your driver or risk slow delivery, DoorDash users warned. The impacts of Africa’s youth boom.
Celebrity books 📚 — It’s the year of celebrity memoirs. What’s going on with the loonie? Low survey response rates are tainting economic data
Technical recession 🚨 — A technical recession is upon us. Clarifying the carbon tax drama. Canada joins global ransomware pledge Q
Technical recession 🚨 — A technical recession is upon us. Clarifying the carbon tax drama. Canada joins global ransomware pledge Q
You’re out ⚾️ — More strikes than a baseball game. Biden’s executive order closes the AI floodgates. Canada tightens international student rules.
Poison pill AI 💊 — Halloween treats probably won’t give you lead poisoning, but watch that hot chocolate. Poison pill threatens AI image models. Canada tightens international student rules.
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