Future of work

Most Canadian businesses adopt AI but few see clear returns

Most Canadian businesses are using generative AI, yet few have fully integrated it into core operations. Only a small fraction are seeing measurable returns, according to new research from KPMG Canada.

Among 753 surveyed business leaders, 93 percent reported some AI adoption. Still, only 31 percent have deployed it across all workflows, while 32 percent have partially integrated AI, and 20 percent remain in early experimentation phases.

Despite widespread adoption, only 2 percent of companies reported a clear return on investment, mostly among firms with annual revenues over $1 billion. Nearly two-thirds said ROI was between five and 20 percent, while almost a third could not quantify it.

Most leaders expect returns within one to five years, highlighting the gap between AI adoption and measurable business impact. Experts emphasise that clear strategies and robust metrics are crucial to translate AI implementation into quantifiable growth.

KPMG Canada notes that successful AI integration requires investment not only in technology, but also in people and processes. Organisations are prioritising talent acquisition, skills training and change management to enhance AI literacy and scale adoption.

Strong governance and strategic frameworks that track both financial and operational benefits are crucial for companies to fully leverage the potential of AI and maintain competitiveness in a rapidly evolving economic landscape.

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UAE and China deepen ties with mBridge launch

Sheikh Mansour bin Zayed has overseen a digital currency payment between the UAE and China. The transfer used the ‘mBridge’ central bank digital currency platform to settle funds directly. Officials say the move marks the formal launch of ‘mBridge’ for cross-border payments.

Ceremonies in Abu Dhabi also launched the first ‘Jaywan-UnionPay’ multi-scheme prepaid card. The product links Jaywan’s domestic network with UnionPay’s global acceptance in more than 180 countries.

Transactions inside the UAE are processed locally, while overseas spending routes through UnionPay’s international infrastructure. Officials say the projects highlight partnerships between the UAE and China and strengthen the Emirates’ role in digital finance.

Sheikh Mansour and Pan Gongsheng also signed a memorandum on future cross-border payment cooperation. Further expansion of the ‘mBridge‘ network and domestic Digital Dirham pilots is planned from 2026.

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EU simplifies digital rules to save billions for companies

The European Commission has unveiled a digital package designed to simplify rules and reduce administrative burdens, allowing businesses to focus on innovation rather than compliance.

An initiative that combines the Digital Omnibus, Data Union Strategy, and European Business Wallet to strengthen competitiveness across the EU while maintaining high standards of fundamental rights, data protection, and safety.

The Digital Omnibus streamlines rules on AI, cybersecurity, and data. Amendments will create innovation-friendly AI regulations, simplify reporting for cybersecurity incidents, harmonise aspects of the GDPR, and modernise cookie rules.

Improved access to data and regulatory guidance will support businesses, particularly SMEs, allowing them to develop AI solutions and scale operations across member states more efficiently.

The Data Union Strategy aims to unlock high-quality data for AI, strengthen Europe’s data sovereignty, and support businesses with legal guidance and strategic measures to ensure fair treatment of the EU data abroad.

Meanwhile, the European Business Wallet will provide a unified digital identity for companies, enabling secure signing, storage, and exchange of documents and communication with public authorities across 27 member states.

By easing administrative procedures, the package could save up to €5 billion by 2029, with the Business Wallet alone offering up to €150 billion in annual savings.

The Commission has launched a public consultation, the Digital Fitness Check, to assess the impact of these rules and guide future steps, ensuring that businesses can grow and innovate instead of being held back by complex regulations.

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EU introduces plan to strengthen consumer protection

The European Commission has unveiled the 2030 Consumer Agenda, a strategic plan to reinforce protection, trust, and competitiveness across the EU.

With 450 million consumers contributing over half of the Union’s GDP, the agenda aims to simplify administrative processes for businesses, rather than adding new burdens, while ensuring fair treatment for shoppers.

The agenda sets four priorities to adapt to rising living costs, evolving online markets, and the surge in e-commerce. Completing the Single Market will remove cross-border barriers, enhance travel and financial services, and evaluate the effectiveness of the Geo-Blocking Regulation.

A planned Digital Fairness Act will address harmful online practices, focusing on protecting children and strengthening consumer rights.

Sustainable consumption takes a central focus, with efforts to combat greenwashing, expand access to sustainable goods, and support circular initiatives such as second-hand markets and repairable products.

The Commission will also enhance enforcement to tackle unsafe or non-compliant products, particularly from third countries, ensuring that compliant businesses are shielded from unfair competition.

Implementation will be overseen through the Annual Consumer Summit and regular Ministerial Forums, which will provide political guidance and monitor progress.

The 2030 Consumer Agenda builds on prior achievements and EU consultations, aiming to modernise consumer protection instead of leaving gaps in a rapidly changing market.

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Young wealthy investors push advisers towards broader crypto access

A rising number of young, high-earning Americans are moving away from wealth advisers who fail to offer crypto access, signalling a sharp generational divide in portfolio expectations.

New survey results from Zerohash show that 35 percent of affluent investors aged 18 to 40 have already redirected funds to advisers who support digital-asset allocations, often shifting between $250,000 and $1 million.

Confidence in crypto has strengthened as major financial institutions accelerate adoption. Zerohash reported that more than four-fifths of surveyed investors feel more assured in the asset class thanks to involvement from BlackRock, Fidelity and Morgan Stanley.

Wealthier respondents proved the least patient. Half of those earning above $500,000 said they had already replaced advisers who lack crypto exposure, and 84 percent plan to expand their holdings over the coming year.

Demand now extends well beyond Bitcoin and Ethereum. Ninety-two percent want access to a wider range of digital assets, mirroring expanding interest in altcoin-based ETFs and staking products.

Asset managers are responding quickly, with 21Shares launching its Solana ETF in the US and BlackRock preparing a staked Ether product. The Solana category alone has attracted more than $420 million in inflows, underscoring the rising appetite for institutional-grade exposure.

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EU proposal sparks alarm over weakened privacy rules

The Digital Omnibus has been released by the European Commission, prompting strong criticism from privacy advocates. Campaigners argue the reforms would weaken long-standing data protection standards and introduce sweeping changes without proper consultation.

Noyb founder Max Schrems claims the plan favours large technology firms by creating loopholes around personal data and lowering user safeguards. Critics say the proposals emerge despite limited political support from EU governments, civil society groups and several parliamentary factions.

The Omnibus is welcomed by industry which have called for simplification and changes to be made for quite a number of years. These changes should make carrying out business activities simpler for entities which do process vast amounts of data.

The Commission is also accused of rushing (errors can be found in the draft, including references to the GDPR) the process under political pressure, abandoning impact assessments and shifting priorities away from widely supported protections. View our analysis on the matter for a deep dive on the matter.

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New AI tools aim to speed discovery of effective HIV vaccines

Over 40 million people worldwide are living with HIV, a chronic infection that remains a leading cause of death. Developing an effective vaccine has proven difficult due to the virus’s rapid mutations and the vast volume of clinical data produced during trials.

Scripps Research has received $1.1 million from CHAVD to purchase high-performance computing and AI technology. The investment lets researchers analyse millions of vaccine candidates faster, speeding antibody identification and refining experimental vaccines.

StepwiseDesign enables the AI system to evaluate vaccine-induced antibodies and identify the most promising candidates for development. The system has found rare antibodies that neutralise HIV in uninfected individuals, showing its ability to detect extremely rare precursors.

Researchers hope the computational framework will not only fast-track HIV vaccine development but also be applied to other complex pathogens, including influenza and malaria. The project highlights collaboration and innovation, with potential to improve global health outcomes for millions at risk.

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Sundar Pichai warns users not to trust AI tools easily

Google CEO Sundar Pichai advises people not to unquestioningly trust AI tools, warning that current models remain prone to errors. He told the BBC that users should rely on a broader information ecosystem rather than treat AI as a single source of truth.

Pichai said generative systems can produce inaccuracies and stressed that people must learn what the tools are good at. The remarks follow criticism of Google’s own AI Overviews feature, which attracted attention for erratic and misleading responses during its rollout.

Experts say the risk grows when users depend on chatbots for health, science, or news. BBC research found major AI assistants misrepresented news stories in nearly half of the tests this year, underscoring concerns about factual reliability and the limits of current models.

Google is launching Gemini 3.0, which it claims offers stronger multimodal understanding and reasoning. The company says its new AI Mode in search marks a shift in how users interact with online information, as it seeks to defend market share against ChatGPT and other rivals.

Pichai says Google is increasing its investment in AI security and releasing tools to detect AI-generated images. He maintains that no single company should control such powerful technology and argues that the industry remains far from a scenario in which one firm dominates AI development.

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WHO warns Europe faces widening risks as AI outpaces regulation

A new WHO Europe report warns that AI is advancing faster than health policies can keep up, risking wider inequalities without stronger safeguards. AI already helps doctors with diagnostics, reduces paperwork and improves patient communication, yet significant structural safeguards remain incomplete.

The assessment, covering 50 participating countries across the region, shows that governments acknowledge AI’s transformative potential in personalised medicine, disease surveillance and clinical efficiency. Only a small number, however, have established national strategies.

Estonia, Finland and Spain stand out for early adoption- whether through integrated digital records, AI training programmes or pilots in primary care- but most nations face mounting regulatory gaps.

Legal uncertainty remains the most common obstacle, with 86 percent of countries citing unclear rules as the primary barrier to adoption, followed by financial constraints. Fewer than 10 percent have liability standards defining responsibility when AI-driven decisions cause harm.

WHO urged governments to align AI policy with public health goals, strengthen legal and ethical frameworks, improve cross-border data governance and invest in an AI-literate workforce to ensure patients stay at the centre of the transformation.

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Meta wins antitrust case over monopoly claims

Meta has defeated a major antitrust challenge after a US federal judge ruled it does not currently hold monopoly power in social networking. The decision spares the company from being forced to separate Instagram and WhatsApp, which regulators had argued were acquired to suppress competition.

The judge found the Federal Trade Commission failed to prove Meta maintains present-day dominance, noting that the market has been reshaped by rivals such as TikTok. Meta argued it now faces intense competition across mobile platforms as user behaviour shifts rapidly.

FTC lawyers revisited internal emails linked to Meta’s past acquisitions, but the ruling emphasised that the case required proof of ongoing violations.

Analysts say the outcome contrasts sharply with recent decisions against Google in search and advertising, signalling mixed fortunes for large tech firms.

Industry observers note that Meta still faces substantial regulatory pressure, including upcoming US trials regarding children’s mental health and questions about its heavy investment in AI.

The company welcomed the ruling and stated that it intends to continue developing products within a competitive market framework.

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