tech:

taffy

Nokia Networks, China Mobile Ink $970M Deal

NokiaNetworks

Nokia Networks and China Mobile have signed a framework agreement for mobile communication equipment and services valued at $970 million. Under the terms of the agreement, Nokia Networks will provide its 4G TD-LTE technology including Evolved Packet Core (EPC) and GSM wireless networking equipment, core application platforms, OSS, software, and services to support China Mobile’s 4G wireless broadband network rollout in 2014 and 2015. Deliveries under the agreement commenced in Q1 of this year.

China Mobile, the world’s largest wireless operator, is spearheading China’s TD-LTE network rollout and commercialization with over 500,000 4G base stations deployed, and says has the goal of building the world’s largest TD-LTE network by the end of 2014.

With 46 TD-LTE radio references, Nokia is supplying approximately half of all commercial TD-LTE networks globally and is the only vendor to have deployed TD-LTE on all six continents. Nokia has also established a complete TD-LTE value chain in China, including TD product headquarters, product design, R&D, testing, manufacturing, procurement, sales and marketing.

[Image courtesy: Nokia Networks]

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.