tech:

taffy

Ford To Open Research Lab In Bay Area

[Techtaffy Newsdesk]

Ford announced plans to create and open its first dedicated research lab in Silicon Valley early this year. Ford Research and Innovation, the company’s advanced engineering arm, will open the new Silicon Valley lab in the first quarter.

Paul Mascarenas (Chief technical officer, vice president, Research, Ford):  Ford has an incredible heritage of driving innovation in the transportation and manufacturing sectors during the past 107 years. Now it’s time to prepare for the next 100 years.

The new Ford lab will be located in the San Francisco Bay area of California and will serve as a hub for independent technology projects and identification of new research investments and partners located along the west coast. Ultimately, the lab will create an “innovation network” connecting Ford’s Advanced Design Studio in Irvine, California, and Ford employees working with connectivity platform partner Microsoft in Redmond, Washington.

The new research lab’s employees will be recruited both locally and rotated-in from the global network of Ford employees and will spend their time developing and discovering new technologies, trends, partners and collaborative research projects. The number of Ford employees at its new lab will be comparable to what you expect of a startup, with an emphasis on quality over quantity, said K. Venkatesh Prasad, senior technical leader for open innovation with Ford Research and Innovation.

Ford’s global Research and Innovation team is already working in several key areas that will be supported by the work of the Silicon Valley lab, says Ford, including personal mobility, and Open-source hardware and software developer kits, among other things.

Just in

Tembo raises $14M

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

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. 

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.

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. 

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.