Maria Deutscher
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Pentagon scraps $10B JEDI cloud computing contract, plans new multicloud program
The U.S. Department of Defense today announced that it is canceling the controversial $10 billion JEDI cloud computing contract and will replace it with a new procurement program known as the Joint Warfighter Cloud Capability. According to multiple reports, the new program could involve multiple providers. “The Department has determined that, due to evolving requirements, ...
Pleo nabs $150M at $1.7B valuation to speed up corporate expense management
Financial technology startup Pleo Technologies Ltd. today said that it has secured a $150 million funding round to grow its share of the corporate expense management market. The round, which was co-led by Bain Capital Ventures and Thrive Capital, gives the Denmark-based startup a valuation of $1.7 billion. Pleo provides a set of financial products ...
SoftBank inks $1.6B deal to buy Yahoo trademark rights from Verizon
SoftBank Group Corp. is paying Verizon Communications Inc. 178.5 billion yen, or about $1.61 billion, for a perpetual license to use the Yahoo and Yahoo Japan trademarks. The deal was announced today by SoftBank’s Z Holdings subsidiary. SoftBank is a Tokyo-based conglomerate with a significant presence in multiple parts of the technology sector. The company ...
Report: Apple’s April privacy update led to major drop in iOS ad spending
Brands have reduced their spending on iOS ads by about a third since the start of June alone, according to market data made public in a Wall Street Journal report today. Industry insiders have tied the spending drop to a privacy feature that Apple released for iOS as part of an April update. The reduced demand is ...
Andy Jassy officially becomes CEO of Amazon
Andy Jassy this morning officially became the chief executive officer of Amazon.com Inc., three months after being named to succeed company founder Jeff Bezos in the role. Bezos, who led Amazon as its CEO since founding the company in 1994, as of today holds the title of executive chairman. He’s expected to remain active with ...
IBM President Jim Whitehurst steps down as part of major leadership reshuffle
IBM Corp. today announced that Jim Whitehurst, the company’s president, has decided to step down. Whitehurst’s departure is part of a broader leadership reshuffle that will affect several major business units. The company’s share price dropped more than 4.8% on news. Whitehurst (pictured) joined IBM in 2019 after the company closed its landmark $34 billion ...
Report: Intel and Apple are the first adopters of TSMC’s 3-nanometer chip technology
Intel Corp. and Apple Inc. have partnered with TSMC Co. Ltd. to make new chips using its upcoming three-nanometer semiconductor manufacturing process, according to a new report. Nikkei Asia reported today that the two companies are not merely set to use the three-nanometer process but will also be in its first adopters. This means that ...
HPE acquires Zerto in $374M deal to expand its data protection and cloud portfolio
Hewlett Packard Enterprise Co. will pay $374 million to acquire Zerto Ltd., a venture-backed startup that helps enterprises protect their workloads against outages and streamline public cloud projects. HPE detailed in its announcement of the deal today that Zerto is expected to contribute $130 million in annual run-rate revenues at “software gross margins.” HPE anticipates ...
Healthcare process automation startup Olive closes $400M round at $4B valuation
Startup Olive AI Inc. has secured $400 million in funding at a $4 billion valuation to broaden the adoption of its robotic process automation platform, which helps healthcare providers automate repetitive manual tasks to free up resources for other activities. Olive announced the funding round today. The investment was led by Vista Equity Partners with ...
Articulate raises $1.5B in funding for its cloud-based employee training tools
Articulate Global LLC, the provider of cloud-based employee training software used by all the companies on the Fortune 100 list, today disclosed that it has landed a $1.5 billion round of funding. Growth equity firm General Atlantic led the Series A round. The investment is notable not only for the hefty 10-figure price tag but ...