tech:

taffy

Gabriel To Pay $12.4M Qualcomm Legal Fees

[Techtaffy Newsdesk]

A United States District Judge has ordered Gabriel Technologies to pay more than $12,400,000 in attorneys’ fees for pursuing objectively baseless claims against Qualcomm.

The complaint, filed in October 2008, asserted eleven causes of action against Qualcomm and focused on allegations that Gabriel had ownership rights to numerous Qualcomm patents relating to GPS technologies; Gabriel sought one billion dollars in damages. Several of Gabriel’s claims were dismissed early in the lengthy litigation, and the Court recently granted Qualcomm summary judgment on the remaining claims.

The Court noted in its Order that it warned Gabriel early on in the proceedings that the claims lacked merit, but Gabriel pursued the litigation for an extended period of time without being able to remedy basic deficiencies, such as the inability to name alleged inventors to support claims of inventorship or identify trade secrets to support claims of misappropriation.

On October 12, 2012, Qualcomm filed a motion for attorneys’ fees, nearly all of which were awarded.

Qualcomm is represented by Cooley.

Upload: 02-14-12

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.