TechTaffy

tech:

taffy

Nokia To Cut 10,000 Jobs By 2013

By TechTaffy Desk

[Techtaffy Newsdesk]

Nokia plans to reduce up to 10,000 positions globally by the end of 2013. The company says it is beginning the process of engaging with employee representatives in accordance with country-specific legal requirements.

The news in headcount reductions come in as part of a larger corporate restructuring the Finnish handset maker is undertaking; which includes selling off its  luxury mobile phones  unit Vertu, changes in the company’s senior management, and acquisition of the intellectual assets from imaging company Scalado.

[Image Courtesy: Nokia]

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.