Jude Sacramenthas is an investor and VP Ecosystems at Graphite Ventures, one of Canada’s most active institutional Seed-stage venture capital firms.medium.com/@jsacramenthas TorontoJoined October 2022
Important shift flagged by @Cato_P4
The end of the de minimis exemption will reshape cross-border trade. It reins in giants like Shein/Temu, but also puts pressure on Canadian exporters.
Founders need to adapt quickly.
Great breakdown here from Cato. Worth a read.
🚨 Anthropic just pulled off one of the biggest raises in tech history: $13B.
Valuation? $183B — nearly 3x in just 6 months.
The AI market may look “cooling” on the surface, but investor appetite for frontier labs is still on fire.
GPT-5 just dropped.
Smarter. Faster. Multimodal.
Better reasoning. Fewer hallucinations.
Available today to all ChatGPT users (yes, even Free).
AI just leveled up again.
Are you ready?
🔗 openai.com/index/introduc…#GPT5#AI#ChatGPT
Q2’25 AI funding hit $47.3B, but the big story is capital efficiency.
⚡ 72% of deals = early-stage
📈 M&A is driving DPI
🇨🇦 Canada quietly leads deal size growth
You don’t need $100M to win.
Full breakdown in my new blog: medium.com/@jsacramenthas…#ai#startup#tech
🇺🇸 The U.S. just dropped a 25-page AI Action Plan.
It’s not just policy—it’s a full-stack strategy for global AI dominance: chips, compute, energy, models, and exports.
I read it so you don’t have to.
Here’s what it means for startups + Canada 👇
medium.com/@jsacramenthas…
According to PitchBook, the ratio of PE investments to exits just hit 3.14x—the highest in a decade.
This signals a broader trend: dry powder is being deployed aggressively, while exit paths remain slow to reopen.
Patience & capital efficiency will matter more than ever.
OpenAI is reportedly building a native checkout experience inside ChatGPT that would let users make purchases from third-party vendors directly within the chatbot. The move could position ChatGPT as a transactional platform, not just a conversational one.
📍Web Summit Vancouver — Ops Insight #1
While in Vancouver with Sanket, we picked up something simple but powerful from the Cohere team:
Bake-offs.
Whenever they need a new tool — for ops, data, internal workflows — they don’t just pick the loudest vendor.
They shortlist 2–3.
Part #5
3) Trust/fit in the recommendation/search results of ChatGPT enabled "complex search".
And many others.
With all that said, I am hopeful about #ChatGPT and how it will shape the future.
How about you?
Part #4
1) How poorly Bard performs (hopefully they don't fumble too often like what happened on the ad)
2) How much value/use we place on "complex searches" which will be enabled by ChatGPT. vs. "simple searches" that google has been known to be dependable for.
Part #3
Will the integration of ChatGPT help change the search landscape? Definitely! 🚀 🚀 🚀
Google has been dominating search with an ~88% US Market Share. That being said Bing's success will still be dependent on:
Part #2
While Bing did make $8.5bn in revenue, it has never really caused any real noise... that is until now. The AI-powered Bing seemly has started to turn things around since last Thursday having its best ever day of downloads.
Part #1 Bing vs. Google
There hasn't been much innovation in #search , but with Microsoft announcing the integration of ChatGPT into Bing it seems like a new era of competition will be in full force.
The State of Venture 2022 report is out for CB Insights, here are the highlights:
Total Global Venture Funding: is down 35% YoY at $415.1B
US Venture Funding: 37% YoY Drop
Global IPOs: 31% YoY Drop to 716
Unicorns born in Q4’22: 19 down 86% YoY
Mega-round Fund: 49% YoY drop
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Your #coworking destination to innovate + collaborate here in #kanatanorth.
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