The Rundown 10/24/25: AI Lawsuits, Open Banking, and Canada’s Economic Crossroads

Episode notes

In this episode of Tank Talks, host Matt Cohen and John Ruffolo break down the most important stories shaping Canada’s innovation economy, from the upcoming federal budget and its impact on founders and investors, to Canada’s fintech shake-up as open banking finally gains momentum. The duo dives into AI’s growing legal minefield, including the mounting lawsuits against Perplexity and Sora, and discusses what this means for startups training models on licensed versus unlicensed data. They also unpack Cohere’s rumored IPO, Canada’s AI partnership with the UAE, and what it reveals about the country’s global strategy for data centers and sovereign capital. From Blue Jays playoff economics to AI data sovereignty, this Rundown is packed with sharp insights, timely analysis, and the kind of candid commentary you won’t hear anywhere else. A Quick Word from our Sponsor, Fasken At Fasken, our clients don’t wait for the future. They build it. As the first and largest dedicated emerging tech practice in Canada, our team is composed of founders, ex in-house counsel, developers and business advisors who have guided clients from startup, to scale-up, to exit.

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