Good morning, Guess how much is the total mortgage debt in Canada? Hint: it’s in trillions. And Nissan Canada issued a DO NOT DRIVE warning, find out why.

Here’s what’s up in the world of biz-tech:

• Nissan Canada warns “DO NOT DRIVE”

• Canadian mortgage debt reaches trillions.

• OpenAI signs first major corporate deal with PWC.

• Anthropic AI swoops a former OpenAI executive.

• 5 tools to boost your productivity.

• And more biz-tech stuff

AUTOMOBILE

🛑 Nissan Canada warns ‘DO NOT DRIVE’

Nissan issued a “Do Not Drive” warning for 2002-2006 Nissan Sentra, 2002-2004 Nissan Pathfinder, and 2002-2003 Infiniti QX4 models, affecting 48,000 vehicles in Canada. This recall is part of an ongoing campaign due to defective Takata-brand airbag inflators.

If you own one of the affected vehicles here’s how you can check:

• Utilize online tools provided by Carfax Canada and auto manufacturers to stay informed about recalls.

• Actively check updates from Transport Canada and the Government of Canada's Recalls and Safety Alerts system.

Manufacture obligation: Under Canadian law, manufacturers must notify car owners of recalls within 60 days of identifying a defect impacting safety. Notifications include details about the defect, safety risks, fix instructions, and precautions until the repair is complete.

ECONOMY

💸 Canadian mortgage debt reaches $2.16T

Canada Mortgage and Housing Corp. reports that total residential mortgage debt reached $2.16 trillion. Up 3.4% year-over-year, making it the slowest growth in 23 years.

Why?
Higher mortgage costs and uncertainty regarding the Bank of Canada's interest rate policy have led to a decrease in home sales and prices in many regions in the latter half of 2023.

The future of housing market: The Canada Mortgage and Housing Corporation (CMHC) predicts that the slowdown may be temporary.

Expected declines in mortgage rates, population growth, and increases in real disposable incomes are anticipated to boost home sales and prices, accelerating mortgage debt growth.

CORPORATE

📝 OpenAI signs first major corporate deal with PWC

OpenAI signs its first major partnership deal with PwC, signing 100,000 of its employees to ChatGPT’s enterprise tier. PwC will resell ChatGPT enterprise solutions, leveraging its consulting services to offer comprehensive digital transformation packages.

Industry Impact: OpenAI-PwC partnership is a significant development in the enterprise AI landscape, showcasing how generative AI can be integrated into large organizations to drive efficiency and innovation.

As PwC resells these solutions, it will emphasize a shift towards embracing AI for digital transformation, and set an example for other consulting firms and enterprises to follow.

• 🦺 Anthropic AI swoops former OpenAI safety lead Jan Leike to head the new team.

• 📝 Vox Media and The Atlantic sign a content deal with OpenAI.

• 📱 Users can now use Google Chrome app in “picture-in-picture” mode.

PRODUCTIVITY

🛠️ 5 Tools to Boost Your Productivity

1. 🐦 Tweet Hunter: All-in-one Twitter growth tool to create content using AI, build an audience, and schedule posts.

2. 🔵 Taplio: All-in-one AI-powered tool for creating, managing, and growing your personal brand on LinkedIn.

3. 🎙️ PlayHT: The highest quality AI-Powered voice generation platform.

4. 💌 Hoppy Copy: Generate better emails and newsletters in seconds with AI.

5. 🤖 Synthesia: Create professional videos without mics, cameras, or actors using an AI-generated character.

FEEDBACK

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