tech:

taffy

RadioShack Hires Former Walgreens EVP As New CEO

radioshack

[Techtaffy Newsdesk]

RadioShack has appointed Joseph C. Magnacca CEO, effective February 11. Mr. Magnacca has also been named a member of RadioShack’s board of directors.

Mr. Magnacca, 50, is currently executive vice president and president of Daily Living Products and Solutions for Walgreen, where he oversees all of Walgreen’s marketing and merchandising operations across more than 8,000 stores. He has also been responsible for the integration of the Duane Reade drugstore chain. He was president of Duane Reade at the time of its acquisition by Walgreens in 2010, and before that chief merchandising officer.

Mr. Magnacca’s previous experience includes merchandising and marketing roles at two of Canadian retail chains. He spent seven years as senior vice president at Shoppers Drug Mart, and fifteen years at Loblaw, where he began his career.

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.