Artificial Intelligence – Benefits Canada.com

OMERS joining think tank to find uses for AI in the pension sector

Gideon Scanlon — Tue, 24 Aug 2021 17:15:46 +0000

A new strategic collaborative project between the Ontario Municipal Employees Retirement System and an artificial intelligence-oriented think tank is aiming to expand the use of AI software in the pension space. Through the partnership, which is expected to last for the next five years, the Toronto-based Vector Institute’s researchers will provide the OMERS’ staff with […]

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CPPIB investing in Canadian AI, PSP in gene-editing software company

Gideon Scanlon — Thu, 22 Jul 2021 16:00:25 +0000

The Canadian Pension Plan Investment Board is investing in a Toronto-based artificial intelligence company. The CPPIB entered a $125 million funding round for a Untether AI Corp., a company that creates software and hardware used in AI platforms. The new funding will be used to enhance its software offerings and build a new generation of products, […]

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The future of investing is multi-disciplinary

Gideon Scanlon — Tue, 29 Jun 2021 14:30:30 +0000

The future will increasingly favour institutional investors that can break old patterns of thought. As we move forward and industries and new technologies converge at an increasing rate, the need for a shift in mindset is imperative. One way we believe this to be possible in investing is through a multi-disciplinary approach. Read: Can machine learning […]

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CAAT looks to AI, machine learning

mschmit — Mon, 30 Nov 2020 08:56:41 +0000

The Colleges of Applied Arts and Technology Pension Plan is betting that artificial intelligence and machine learning will play a role in pension administration going forward. “I won’t pretend that we’re Netflix or Tesla in this, but we are [taking] small steps today so we can take advantage of these advances of technology into the […]

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Addressing the role of the workplace in mental-health issues, support

mschmit — Fri, 27 Nov 2020 03:55:21 +0000

Two-thirds of employees making short- or long-term disability claims cited their workplace or work-related issues as a cause, but despite this only one in three Canadian employers has a mental-health strategy in place. “Businesses may have several piecemeal strategies but not an overall strategy and the result is that their efforts either amount to nothing […]

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Widespread use of AI could spur mental-health challenges

mschmit — Fri, 27 Nov 2020 03:54:22 +0000

Technology and artificial intelligence can play important roles in helping to address mental-health issues, but they also have the potential to greatly exacerbate them, according to Bill Wilkerson, executive chairman at Mental Health International and an advisory board member at EQ Care. Speaking at Benefits Canada’s 2020 Mental Health Summit on Nov. 13, he pointed to studies […]

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Learn more about the Sustainable Investing Award finalists

mschmit — Wed, 25 Nov 2020 09:23:19 +0000

The Canadian Investment Review’s Sustainable Investing Award will be presented to a pension plan that has shown leadership and/or significant progress when it comes to incorporating sustainability into the investment process. This will consider sound practices related to environmental, social and governance matters across asset classes and can include considerations related to people management within […]

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OMERS leading funding round for cloud communications company

mschmit — Tue, 06 Oct 2020 06:04:09 +0000

The Ontario Municipal Employees Retirement System’s private equity arm is leading a $100 million round of Series E funding for Dialpad Inc. Dialpad provides businesses with a mobile communications platform that covers phone systems, conferencing and call centre needs. Its technology allows it to provide real-time transcription services, automated note-taking and live sentiment and voice […]

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OSFI launches discussion on tech risks to pensions, other federal financial institutions

mschmit — Mon, 21 Sep 2020 05:20:32 +0000

The Office of the Superintendent of Financial Institutions is launching a three-month consultation on risks and other considerations regarding technological advancements impacting Canada’s financial sector. Along with a discussion paper, the consultation’s objective is to ensure federally regulated financial institutions and pension plans have solid strategies to manage non-financial risks. According to the agency, while rapidly […]

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BCI investing in Indian telecommunications, CPPIB in Brazilian real estate

mschmit — Tue, 01 Sep 2020 11:00:05 +0000

The British Columbia Investment Management Corp. is investing in an Indian telecommunications tower company alongside Brookfield Infrastructure Partners and its institutional partners. The transaction totals an equity commitment of about US$3.4 billion, with the investors buying a 100 per cent stake in the company from Reliance Industrial Investments and Holdings Ltd., a wholly-owned subsidiary of Reliance Industries Ltd. “For BCI […]

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