Avnet names William Amelio interim CEO

Technology distributor Avnet has appointed William Amelio, a member of Avnet’s board, as interim CEO of the company. Avnet Chief Executive Rick Hamada has stepped down, and will be leaving the company’s board as well. He had been appointed as CEO in 2011.

Mr. Amelio was the president, chief executive officer, and a director of CHC Group, from 2010 to 2015. From 2005 to 2009, he served as president and chief executive officer of Lenovo. He was previously a regional senior vice president and president, Asia-Pacific and Japan for Dell. Mr. Amelio began his career with the microelectronics technology division of IBM in 1979. He also served on the board of directors of National Semiconductor.

Mr. Amelio has a chemical engineering degree from Lehigh University, and a masters in management degree from Stanford University.

[Image courtesy: Avnet]

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.