tech:

taffy

Volkswagen’s Cariad teams up with ThunderSoft to establish a JV in China

Cariad, Volkswagen Group’s automotive software and technology division, has announced a strategic partnership with ThunderSoft, a provider of intelligent operating system products and technologies. As part of the partnership, Cariad and ThunderSoft plan to establish a joint venture in China, with Cariad holding a 49% stake and ThunderSoft retaining a 51% stake.

The partnership will enable Cariad to offer localized applications for entertainment, user experience, and interactions (UX/UI) for Volkswagen vehicles, says Volkswagen. The collaboration will draw on Cariad’s vehicle software and hardware integration expertise, Volkswagen Group’s platform synergies, and ThunderSoft’s experience in operating systems and smart cockpits. The companies will work together to develop and test software products and solutions in areas such as connectivity, infotainment, operating systems, human-machine interfaces, cockpits, and cloud development.

China’s intelligent connected vehicle (ICV) market is experiencing rapid growth, with consumers demanding innovative and cutting-edge driving experiences, according to Volkswagen. As part of Cariad’s “in China, for China” strategy, the company is teaming up with technology firms to enhance its research and development capabilities, focusing on delivering localized innovations with a customer-oriented approach.

[Image courtesy: Volkswagen]

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.