tech:

taffy

AARP, University of Illinois opening technology lab for research

AARP and the University of Illinois are opening The Tech Nest, a new technology lab at the University of Illinois Research Park. The new lab, a 2,700 square-foot facility, enables AARP to collaborate with students and faculty on technology-based research and solutions to address the needs of the 50-plus population.

In a statement, the non-profit organization said the new lab will focus on developing prototypes in the fields of artificial intelligence, mobile apps, information security, biometrics and software engineering.

The University of Illinois Research Park is home to innovation centers for multinational corporations and publicly traded firms including ADM, John Deere, Yahoo, Anheuser-Busch Caterpillar, State Farm, and Capital One.

[Image courtesy: AARP]

Just in

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.