tech:

taffy

Luxury retailer Chalhoub deploys Oracle Retail Xstore Point-of-Service

Luxury retailer Chalhoub has deployed Oracle Retail Xstore Point-of-Service. Chaloub’s Oracle Retail Xstore implementation is the first in the Middle East and the result of a six-month installation process in partnership with Logic Information Systems, said Oracle in a statement.

The project for the Dubai storefront included deployment of more than 100 registers, 60 of which are mobile.

Chalhoub started as a family business licensing foreign brands in Damascus, Syria in 1955. It now runs a network of 650 retail stores with fashion and cosmetic lines including Chanel, Louis Vuitton and Christian Louboutin across the Middle East.

[Image courtesy: Oracle]

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.