Artificial intelligence meets 3D printing meets Martinrea

How did one of Canada’s largest auto suppliers end up investing in a startup that 3D-prints parts out of aluminum? Look no further than the high-tech practices adopted during the COVID-19 pandemic, said Martinrea Inc. Executive Chairman Rob Wildeboer.

That mindset is also behind Martinrea’s recent investment in Equispheres, an Ottawa startup specializing in production of aluminum powder used to print parts for automotive, aerospace and defence applications.Martinrea announced in March it was lead investor in a $20-million financing round for Equispheres, acquiring US $6 million in convertible preferred shares, following up on a $1-million investment in April 2023.

“We’re always looking at technologies that complement our products and looking at companies where our field of expertise and operations can assist them also,” he told Automotive News Canada. “We’re not a pure passive investor and we’re looking for things that relate to what we do.”“We’ve worked with companies all over the world and it’s one of the most innovative companies we’ve ever dealt with,” he told Automotive News Canada.

“We think the best product on the market and we believe there will be applications in a number of industries, including automotive and industrial applications, which is our home ballpark,” said Wildeboer.

Ai Ai Latest News, Ai Ai Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BEYOND LOCAL: Montreal-based startup gets $850,000 to protect whales with artificial intelligenceCargo ships can use the application to avoid collisions with whales, dolphins and porpoises, while the government can use it to determine whether fishing zones need to be closed
Source: SooToday - 🏆 8. / 85 Read more »

Canadian Music Week tackles artificial intelligenceThis year’s Canadian Music Week devotes two seminars to AI, in addition to a third session that looks at the history of transformative technologies in the industry
Source: globeandmail - 🏆 5. / 92 Read more »

Nvidia Tops $3 Trillion in Market Value as Artificial Intelligence Rally Steams AheadNvidia Corp. was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion in market capitalization.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

So it begins: OpenAI, Scarlett Johansson and artificial-intelligence bootleggingAmong the high-profile entertainers whose voices have been hijacked by AI -- Drake, The Weeknd, Lainey Wilson and Scarlett Johansson
Source: globeandmail - 🏆 5. / 92 Read more »