TechTaffy

tech:

taffy

Time Launches Digital Video Unit

By TechTaffy Desk

[Techtaffy Newsdesk]

Time has launched a new, centralized digital video unit, which will manage digital video production, development and strategy across Time brands. The unit will be managed by J.R. McCabe, who has been appointed to the new role of Senior Vice President, Video effective immediately. Mr. McCabe reports to Todd Larsen, Executive Vice President and Group President, News and Sports at Time, who is overseeing the new unit for the Company.

Mr. McCabe joins Time from Meredith Corporation, where he served as VP/Chief Video Officer. In his new role at Time, he will be responsible for growing the volume of digital video products across the company, developing quality video, and identifying new channels of distribution. The existing video teams will be consolidated under Mr. McCabe and will work closely with editorial teams at the brands and the sales force as they build the business.

Time, a division of Time Warner, is one of the largest branded media companies in the world. The company engages more than 138 million U.S. consumers in print, online and via mobile devices each month.

[Image courtesy: Time]

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.