tech:

taffy

Google Chairman Eric Schmidt Selling Roughly Half His Stocks

EricSchmidt_google

[Techtaffy Newsdesk]

Eric Schmidt, former CEO, and currently executive chairman with Google, is planning to sell as many as 3.2 million shares, according to a Form 8-K the company filed with SEC. 

Mr. Schmidt adopted a stock trading plan in November 2012,  to sell a portion of his Google stock as part of his long-term strategy for individual asset diversification and liquidity, according to the filing.

As of December 31, 2012, Mr. Schmidt owned approximately 7.6 million shares of Class A and Class B common stock, which represented approximately 2.3% of Google’s outstanding capital stock, and approximately 8.2% of the voting power of Google’s outstanding capital stock. Under the terms of this trading plan, Mr. Schmidt intends to sell up to approximately 3.2 million shares of Class A common stock.

The stock trading plan represents some 42 percent of Mr. Schmidt’s share holdings.

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.