TechTaffy

tech:

taffy

CMA CGM, IBM Sign 5-Year Agreement

By TechTaffy Desk

[Techtaffy Newsdesk]

CMA CGM Group and IBM have announced a new strategic partnership, after five years of working together through a joint subsidiary.

Under the terms of the five-year agreement, IBM will provide industry-specific expertise in new technologies such as cloud computing and analytics. The IT teams from the two companies will be merged into a new subsidiary, CMA Systems, which will have an equally represented governance structure and report directly to Jacques Saade, chairman and chief executive officer of CMA CGM.

Operating out of more than 650 offices and agencies in more than 150 countries, CMA CGM is a global shipping operator that controls the entire logistics chain, from inland waterway transport to port fcilities and on-land logistics.

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.