Investors can roll dice on emerging technologies that may or may not shape future, portfolios’ net worth

We live in hyperstitious times.

A philosopher named Nick Land coined the word hyperstition in the 1990s, describing the sense of living today in science fiction of the past.

Investors may have that same sensation, given the dominance of artificial intelligence in their portfolios.

Yet AI is arguably more than an advanced chat-bot/search engine. It is “the fabric that’s binding” together a lot of other science fiction-like technologies, moving them closer to viable commercialization, says Mickey Ganguly, associate portfolio manager for the CIBC Technology Innovation Fund.

Do It Differently leadership event centred on creativity, curiosity

Donavan Robinson’s entrepreneurial instincts kicked in when he was in high school, selling snacks and disposable cameras out of his locker to his classmates.

Now 48, the Winnipegger’s professional experience includes heading Vantage Studios, a marketing firm; co-founding the Good Will Social Club, a now-defunct West End music venue; and acquiring, expanding and selling A Little Pizza Heaven.

He currently runs Pop CoLab, a company that includes a retail store and offers professional development centred around play.

“I’ve had probably hundreds of employees, and I wouldn’t say I was very successful in my early years trying to figure out how to navigate that,” Robinson said.

Carney discussed artificial intelligence with Pope Leo

OTTAWA - Prime Minister Mark Carney told Pope Leo XIV on Friday that Canada wants to take a leadership role in the responsible development of artificial intelligence.

The conversation happened days after the Pope called for robust regulation of AI.

"They discussed the imperative that AI must serve humanity, beginning with the protection of the individual," the Prime Minister's Office said in a release.

"Prime Minister Carney expressed Canada’s desire to lead internationally on responsible AI and tools to benefit the global community."

Ohio suspends data center tax break as tech firms face pressure to pay the cost to power AI

Ohio, one of the nation’s data center destination hot spots, is suspending a tax break that has been critical to its competition with other states to attract the massive new facilities that power and train artificial intelligence chatbots.

The move Wednesday by Republican Gov. Mike DeWine comes as tax breaks for energy-hungry AI data centers are increasingly playing a role in state budgets and the industry is under pressure to pay the full costs of the vast network of its computing warehouses needed to power AI.

The size of Ohio's tax break skyrocketed, dwarfing previous projections, as opposition to data centers is sweeping through cities, suburbs and towns there and prompting lawmakers to form a committee to study the impact.

In the meantime, residents are trying to bypass the GOP-controlled Legislature and get a referendum on November's midterm election ballot that's designed to permanently ban hyperscale data centers, likely the strictest such statewide ban under consideration in the U.S.

Humanoids dance and thread needles as Japanese robotics developers look to outdo Chinese

TOKYO (AP) — Mechanical hands dexterous enough to thread a needle, childlike dancing robots and adult-sized ones to help with deliveries were on display Thursday as the Humanoids Summit Tokyo opened.

Among the dozens of companies taking part, including well-known players like Boston Dynamics and Toyota Motor Corp., the big stars now were clearly the Chinese.

Chinese newcomers, like Booster Robotics and LimX Dynamics, took the technology initially developed in Japan and the U.S. and fine-tuned it, often for cheaper mass production. It’s a repeat of what happened in other Japanese industries, from consumer electronics to cellphones and electric vehicles. In humanoids, Japan was initially ahead but then failed to produce major commercial solutions.

Tim Hornyak, author of “Loving the Machine: The Art and Science of Japanese Robots,” who was at the event, categorized it as the so-called “Galapagos syndrome,” referring to how innovative Japanese products evolve in isolation and end up not translating for the international market.

Gamification and memes lure young people to sports wagering apps, prediction markets

When Rory McIlroy won the Masters for the second year in a row, Kalshi shared a photo of him on Instagram with the words, “Wait he’s goated.” When a video of NBA player Damian Lillard recovering from an injury circulated online, Kalshi’s main competitor Polymarket posted, “The league is cooked.”

If you don’t know what either of those phrases mean, it's because you may not be the target audience.

The posts and hundreds of others like it are exposing younger people to prediction market platforms, where users can put money on the line for the outcomes of real-world events — or absurd ones like when the U.S. will confirm that aliens exist or whether Jesus Christ will return before 2027.

Once on the platforms, companies keep users hooked with what they market as low-stakes, casual opportunities to make an easy buck, creating an environment that some say feels more like a game and less like a risky financial transaction with potentially harmful consequences. Indeed, recent academic research looking at 588 million trades on Polymarket found that profits were concentrated to just a very small group of top traders while the majority of users — 69% — lost money.

‘Letting it rip’: Beyblade fanatics are giving childhood craze another spin

RICHMOND -

At Imperial Hobbies in Richmond, B.C., the air is filled with the sounds of battle.

"Three, two, one — shoot!"

The combatants unleash their weapons, setting off high-pitched whirring, and clashes of plastic and metal.

Some brands say their jeans are eco-friendly. Here’s how to find a pair that’s actually sustainable

NEW YORK (AP) — Your favorite pair of jeans may have traveled around the world through cotton farms, dye houses, wash facilities and factories before ending up in your closet. The denim may have never been worn but it is stonewashed, sanded, chemically faded or laser-treated to look like it.

Those processes can require significant amounts of water, energy and chemicals — part of the reason denim has become a growing target for sustainability efforts across the fashion industry, which is among the world’s biggest producers of greenhouse gas emissions.

Brands are responding to wider awareness by marketing their jeans as “sustainable,” touting regenerative cotton, recycled fibers and low-water manufacturing techniques. But figuring out if that's true is far more complicated. For one, sustainability is difficult to define — and there isn't a universal set of standards.

Last week, Chinese fast-fashion giant Shein acquired Everlane, a brand known for transparency and sustainability efforts, highlighting broader tensions over scale and affordability. Improvements in sustainable processes typically cost more, making it difficult for companies with fast production cycles and low prices to adopt them widely. Consumers are left to navigate a complicated web of tradeoffs involving farming practices, chemical processes, labor ethics and a wide range of prices.

NASA lays out moon base plans with landers, buggies and drones at the top of the list

NASA is already ordering landers, rovers and drones for a sprawling moon base, less than two months after the Artemis II's record-breaking lunar flyaround.

What tastes like a Korean pancake and is purple all over? An Oreo inspired by K-pop group BTS

Oreo is teaming up with K-pop supergroup BTS for a bit of marketing dynamite that capitalizes on consumers’ growing interest in global flavors.

Mondelez, Oreo’s parent company, said Tuesday that BTS-themed Oreos will go on sale June 1 online and June 8 in stores. The cookies, which feature purple wafers in a nod to the band’s signature color, will be sold in more than 80 markets around the world, making the partnership the brand's biggest to date.

The band also designed 13 embossments for the wafers, including the names of the seven members and an outline of the light stick that fans hold at BTS concerts.

The white-and-tan creme center of the sandwich cookies was formulated to taste like hotteok, a warm, brown sugar-stuffed pancake that’s a popular Korean street food.

Winnipeg pair look to launch EyeMirage device for sale in Canada in fall, with eyes to follow on international markets

By winter, a pair of Winnipeg entrepreneurs aim to have portable vision and concussion-screening products circulating Canada.

“Designing a device that is portable, affordable and AI-based and smartphone-based is a puzzle,” Dr. Behzad Mansouri said, a prototype of the device on the desk in front of him at the Brain, Vision and Concussion Clinic off St. Anne’s Road on Monday.

He’s a neuro-ophthalmologist at the clinic. He’s also the co-founder of Neuroptek, the medical technology company behind headsets meant to help diagnose concussions and other vision and neurological injuries and disorders.

The products look like virtual reality headsets. Instead of games, users take visual tests they’d find at a doctor’s office. They might try to read letters or identify colours.

FarmerTitan app rolls into agriculture equipment tracking field

Katie Friesen is used to playing games.

The Manitoban’s prowess on the volleyball court led to a scholarship to Florida International University in Miami, where she competed on the Division 1 school’s beach and indoor volleyball teams.

But seven years after graduation, Friesen is playing a different game.

The 29-year-old, who divides her time between Manitoba and Austin, Texas, is the founder of FarmerTitan. The platform allows farmers to manage their equipment and employees using QR codes and a mobile app.

Two more 7-Eleven locations bite the dust

Outside of one of two 7-Eleven locations to abruptly close in the last three days, a small gathering forms Monday morning.

The store at Notre Dame Avenue and Arlington Street shut its doors a day early, despite signs on the windows listing its last day as Tuesday. Its lights had been turned off and shelves were stripped bare.

Customers who were turned away begin to discuss the closure amongst themselves outside of the building; when a manager walks out and is asked why the store is being closed, he says “no comment” before walking back inside.

Shoppers told the Free Press the location was a frequent spot for petty robbery and several said they had tried to intervene in incidents where staff were not able to stop thieves.

Manitoba doctors support provincial government’s proposed social media ban

WINNIPEG - The negative effects social media has on children and youth's mental and physical health is outweighing other health concerns like substance use and injuries prompting some Manitoba doctors to support a ban on these sites, a new report has found.

Doctors Manitoba, the organization representing roughly 5,000 physicians and students in the province, surveyed its members and found that social media and excessive screen time pose significant risks to the mental health, sleep and robust development in children and youth.

Of the 242 physicians who completed the survey, 90 per cent supported a ban on social media sites and artificial intelligence chatbots for children.

"The findings are quite clear. Doctors believe social media, screen time and chat bots are among the top risks to children's health and well-being, ranking higher than even smoking, drinking, injuries and sedentary lifestyles," Dr. Alon Altman, president of Doctors Manitoba, told reporters on Monday.

Could anything but profit steer AI? The OpenAI trial offered clues but no verdict

The trial pitting Elon Musk against OpenAI CEO Sam Altman made clear the two billionaires agreed on one thing: building artificial intelligence would require significant resources — and enormous amounts of money.

It may seem obvious now, as an AI-obsessed stock market helps finance a global construction boom of chipmaking factories and energy-hogging data centers to keep chatbots running, but testimony and evidence showed how people with outsized control of the AI industry were privately debating its costs nearly a decade ago.

“Even raising several hundred million won’t be enough,” Musk said in a 2018 email to Altman and other OpenAI co-founders about what he increasingly saw as a futile attempt to compete with Google. “This needs billions per year immediately or forget it.”

The soaring costs factored into the trajectory of OpenAI, which began in 2015 as a nonprofit dedicated to developing AI for the common good and is now a capitalistic enterprise valued at $852 billion. As San Francisco-based OpenAI and other AI companies move toward historically large Wall Street debuts, the trial also raised questions about whether anything but commercial interests can steer AI’s future.

Proponents of solar power push for provincial infrastructure investment to boost grid resilience

In the early 1970s, licence plates were stamped with the slogan “Sunny Manitoba” — a nod to long summer days, crisp blue winter skies and frequent sun dogs reflecting off of blinding white snow. While the slogan later changed, Manitoba’s ranking as Canada’s second-sunniest province has not.

Despite that sunlit reputation, solar power — one of the most-developed renewable energy sources — makes up just a small fraction of the province’s electricity grid.

“It’s extremely marginal, especially when you compare to other jurisdictions like Alberta and Saskatchewan,” said James Wilt, policy development manager at Climate Action Team Manitoba.

Manitoba boasts a predominantly emissions-free grid, with 97 per cent of its power generated by a network of hydroelectric dams. But the provincial utility, Manitoba Hydro, has forecasted that its once-abundant renewable energy source will soon fall short. There is growing demand for power amid the electrification of sectors like transportation and heating, and the rapidly growing interest in developing electricity-hungry data centres. Combined with more unpredictable water levels owing to climate factors like extreme drought, it’s all prompted the utility to warn that capacity could run out as soon as 2030.

Pushing back against AI’s ‘inevitability’

Don’t misunderstand: I am not anti-technology. I’m anti-Big Tech forcing AI down our throats in order to better surveil us and take away our jobs while destroying the environment.

Youth unemployment more than just an economic statistic

For many young Canadians, getting a first job is no longer a simple rite of passage. It has become a source of stress, frustration and uncertainty about the future.

Across Canada, teenagers and young adults are sending out resumés, applying online for hours at a time and following up with employers, only to hear nothing back. For students trying to save for tuition, get experience or simply gain independence, the struggle to find work is becoming increasingly discouraging.

Statistics Canada reported the national unemployment rate for youth ages 15 to 24 reached 14.3 per cent in April, far above the overall unemployment rate of 6.9 per cent. The youth unemployment rate remains significantly higher than the pre-COVID-19 pandemic average of 10.8 per cent.

Behind those numbers are young people who are eager to work but unable to gain a foothold in the labour market. Many employers continue to ask for experience even for entry-level positions, leaving students and recent grads trapped in a cycle where they cannot gain experience because nobody will hire them.

Quartet of vintage ventures makes the old new on Main Street

There’s something new/old going on in the heart of downtown Winnipeg.Since the beginning of April, 468 Main St. has been home to four businesses specializing in retro clothing, furniture and housewares.

CRTC triples streamers’ financial contributions to Canadian content

OTTAWA - Large TV streaming services like Netflix must contribute 15 per cent of their Canadian revenues to Canadian content, the federal broadcast regulator said Thursday.

That’s three times the five-per-cent initial contribution requirement the CRTC set out in 2024, which is being challenged in court by major streamers, including Apple and Amazon.

Contribution requirements for traditional broadcasters, which currently pay between 30 and 45 per cent, will be lowered to 25 per cent.

"The total contributions are expected to stabilize the funding at more than $2 billion in support of Canadian and Indigenous content, such as French-language content and news," the regulator said in a press release.

Subvert music service prioritizing art over artificial intelligence

With its public launch earlier this month, a digital music marketplace called Subvert aims to live up to its name, directing more power — and more dollars — to recording artists navigating the choppy waters of the streaming wars.

Initially pitched as a collectively owned successor to Bandcamp — a popular sales interface for independent artists — and an alternative to big tech-funded streaming services like Spotify or Apple Music, Subvert (subvert.fm) was already hosting music for purchase by 20,000 artists from 120 countries as of Wednesday afternoon.

Nearly 30 of those artists — including Altona-based pop producer Daggerss, a.k.a. Laura Smith — call Manitoba home.

“To me, the co-op model is really exciting,” says Smith, a former touring member of indie rock stalwarts Said the Whale whose past projects include Rococode, a synthy duo that released music through Winnipeg label Head in the Sand Records in the 2010s. “It gives power to the people and keeps it in the hands of the people instead of us being at the beck and call of a tech company.”

Winnipeg police get behind Ottawa’s ‘lawful access’ bill

Winnipeg Police Service Deputy Chief Cam Mackid said Wednesday the force fully supports the federal government’s proposed lawful access bill.

The legislation would give law enforcement and the national spy agency broader access to digital data following judicial authorization.

Part of the bill would require social media, internet service providers and telecommunication companies to adapt systems to allow for officials to more easily access data, after a warrant is obtained, and order certain providers to retain metadata for up to a year.

The bill has received significant pushback from advocates and technology companies who say it will erode privacy and civil rights and enable excessive surveillance.

Premier has everyone’s attention on and about social media; now it’s time for some careful thought

Using social media to condemn social media may seem hypocritical. But when you look at the audience Premier Wab Kinew commands across his social media accounts, there is a certain logic. An admittedly perverse logic, but logic all the same.