The Peak Daily Simple as that š¤- Wealthsimple is a $10 billion company, OpenAI finalizes its restructuring.
Oct 29, 2025
Baris Akurek, VP of Insights and Intelligence at AutoTrader, shares his expertise on the dynamics of the Canadian vehicle market. He discusses how COVID and tariffs have reshaped supply and demand, leading to a drop in used car availability and inflated prices. Baris emphasizes the current inventory challenges, predicting constrained supply until 2027, and offers practical shopping advice, such as utilizing AutoTrader for market insights. His analysis sheds light on the pressing trends affecting Canadian car buyers today.
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Wealthsimple Reaches $10B Milestone
- Wealthsimple's new $750M raise values it at $10B and crowns it Canada's largest private tech firm by valuation.
- The funding lets Wealthsimple expand offerings, pursue acquisitions, and prepare for an eventual IPO.
Pension Money Bets On Domestic Tech
- Large Canadian pension funds and Power Corporation backed the round, showing domestic capital flowing into local tech deals.
- This suggests pension capital can help scale private Canadian tech into IPO-ready companies.
OpenAI Splits To Balance Mission And Scale
- OpenAI restructured into separate nonprofit and for-profit wings while preserving control for its nonprofit arm.
- The move gives OpenAI commercial freedom while routing value to an OpenAI Foundation for public-benefit work.