News of the day: Anthropic’s IPO windfall, Whitecap banks cash, Ottawa invests in Cohere, FINTRAC failing, Meta promises consultations and more

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Photo by Alberto PIZZOLI/AFP via Getty ImagesIt’s Thursday, Oct. 29. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountAmong Anthropic PBC’s seven co-founders set to reap a multibillion-dollar windfall as it goes public is Canadian Christopher Olah, a machine learning researcher who got his start working for and then dropping out of the University of Toronto, alongside a couple of early stints at Environment Canada and an Ottawa tech company.This advertisement has not loaded yet, but your article continues below. A view of the entrance to the water and oil storage facility at the Whitecap Resources Weyburn Unit Plant south of Weyburn, Saskatchewan on Sept. 7, 2021. Photo by BRANDON HARDER/ Regina Leader-PostGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againWhitecap Resources Inc. is making more money than it plans to spend — and for now is happy to let the surplus build, rather than spend more on growth projects. Prime Minister Mark Carney announces a federal investment of up to $1.6 billion in artificial intelligence company Cohere in Montreal on Oct. 29, 2026. Photo by Alexis Aubin/AFP via Getty ImagesThe federal government says it will invest up to $1.6 billion in Canadian artificial intelligence startup Cohere Inc. as part of the company’s planned $7-billion fundraising round, which is the largest-ever private capital raise in Canada. Between $45 billion and $113 billion gets laundered through Canada each year, according to a Criminal Intelligence Service Canada estimate in 2020. Photo by Getty ImagesCanada’s auditor general says the federal government’s primary financial intelligence unit is not effectively carrying out its duties to limit money laundering in the country. The Meta Platforms Inc. headquarters in Menlo Park, California. Photo by David Paul Morris/Bloomberg filesMeta Platforms Inc. pledged on Wednesday to consult news industry groups before finalizing new terms of service that have sparked a backlash among publishers concerned the tech company could use their content to train its artificial intelligence models.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.