According to PANews, the University of Waterloo has announced a $1 million (CAD 1.4 million) grant from Interop Labs. This funding will enhance the university's research capabilities and support the establishment of a new artificial intelligence and blockchain research lab within the David R. Cheriton School of Computer Science. The new facility, named the GENESIS Lab, will offer 12 PhD and 6 undergraduate scholarships through the student-run organization Waterloo Blockchain.