TechTaffy

tech:

taffy

IBM Partners With Philippine Government To Build R&D Lab

By TechTaffy Desk

[Techtaffy Newsdesk]

IBM and the Department of Science and Technology (DOST) of the Republic of the Philippines has signed a Memorandum of Understanding (MOU) to work together to establish the Philippine Systems & Technology R&D Laboratory.

The projects to be undertaken by the Philippine Systems and Technology R&D Lab shall be in line with the priority projects of the Government based on the National Economic Development Authority’s (NEDA) Medium Term Development Plan.

IBM established its presence in the Philippines in 1937, and the current year marks Big Blue’s 75th. anniversary in the country.

The Department of Science and Technology (DOST) is a science and technology body in Philippines charged with the twin mandate of providing central direction, leadership and coordination of all scientific and technological activities, and of formulating policies, programs and projects to support national development.

Just in

Series A

Tembo raises $14M

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

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. 
Fundings

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.
Around the web

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. 
IT

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.