tech:

taffy

IBM To Help Modernize Indian Port

IBMIBM and the Delhi-Mumbai Industrial Corridor Development Corporation of India has completed a digital plan for Dighi Port Industrial Area, Maharashtra, India.

The Integrated Communication Technology (ICT) Master Plan for Dighi Port Industrial Area, Maharashtra, developed by IBM, provides a roadmap for the area including the use of technology to deliver services to business and citizens such as monitoring energy consumption, traffic visualization, improved water management, and enhanced public safety.

Using IBM’s Smarter Cities software, the Intelligent Operations Center, a command center will be established to integrate and interconnect information from various departments and agencies throughout the city. Large amount of Big Data streaming from these devices will be connected to a central command center where city administrators can record and respond to events quickly and in a more coordinated manner.

The Delhi-Mumbai Industrial Corridor (DMIC) is an infrastructure program aiming to develop new industrial cities as “Smart Cities” spanning across six states in India.

India has witnessed major urbanization, with an estimated 30 people leaving rural India for urban areas every minute during the next 20 years. At this rate, the country will need some 500 new cities in the next two decades.

[Image courtesy: IBM]

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.