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American Express Gets Into License Agreement With Intellectual Ventures

Intellectual Ventures has entered into a license agreement with American Express. As part of the agreement, American Express has access to IV’s portfolio of intellectual property, which contains more than 35,000 IP assets in more than 50 technology areas, including metamaterials, epidemiological modeling, and health technologies.

Founded in 2000, Intellectual Ventures (IV) collaborates with inventors, and invests both expertise and capital in the process of invention, selling and licensing IP.

 

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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. 

Intel appoints Kevin O’Buckley as SVP and GM of Foundry Services

Intel announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry.