tech:

taffy

PayPal appoints Rodney Adkins to its board

PayPal  has appointed Rodney Adkins to the company’s board of directors. Mr. Adkins will serve on PayPal’s Audit, Risk and Compliance Committee, says the company.

Mr. Adkins is President of 3RAM Group, a privately-held company specializing in capital investments, business consulting services and property management. Prior to this, Mr. Adkins spent more than 30 years at IBM, where he most recently served as senior vice president, Corporate Strategy.

Mr. Adkins holds a BA with an emphasis in physics from Rollins College and BS and MS degrees in electrical engineering from Georgia Tech. He serves on the board of directors for UPS, Grainger, PPL, Avnet, Kappa Alpha Psi Foundation, the Smithsonian Institution and the Harlem School of the Arts.

The appointment of Mr. Adkins will increase PayPal’s board of directors to 11 members.

[Image courtesy: PayPal]

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.