TechTaffy

tech:

taffy

WPP Inks $1.25B Services Partnership With IBM

By TechTaffy Desk

WPP

IBM is building on its long-term relationship with WPP, one of the world’s largest communications services group, with a new collaboration. The partnership includes a seven-year, $1.25-billion services contract for IBM to transform and manage WPP’s global technology platform.

The agreement will let WPP to innovate new digital services that will be run and managed within a global hybrid cloud infrastructure. As part of the agreement, IBM will provide a service delivery and technology platform that allows WPP to integrate its operations, with a hybrid cloud infrastructure.

[Image courtesy: WPP]

 

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.