tech:

taffy

Former IBM CEO To Head Bloomberg Data Privacy Review

Bloomberg_in_London

Bloomberg has appointed Samuel J. Palmisano, the former chairman and CEO of IBM, to serve as an independent adviser regarding the company’s privacy and data standards.

Mr. Palmisano will undertake a review of the company’s current practices and policies for client data and end user information, including a review of access issues recently raised by Bloomberg clients. Mr. Palmisano will report to Bloomberg’s board of directors.

Bloomberg has hired Hogan Lovells and the Promontory Financial Group to assist Mr. Palmisano.

In another development, Clark Hoyt, Editor-at-Large at Bloomberg News and formerly the public editor of the New York Times, will conduct a review of Bloomberg News’ relationship with the company’s commercial operations, including privacy and data policies.   

The appointments follow reports that Bloomberg journalists had access to data from Bloomberg financial terminals. Bloomberg leases these terminals for some $20,000 a year to financial institutions. You can read more about the privacy breach here.

[Image courtesy: Kowarisuki/Wikipedia]

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.