TechTaffy

tech:

taffy

Cisco to acquire Springpath for $320 million

By TechTaffy Desk

Cisco will acquire Springpath, a Sunnyvale-based company for $320 million in cash. The Springpath team will join the Computing Systems Product Group led by Liz Centoni.

Springpath has developed a distributed file system purpose-built for hyperconvergence, that enables server-based storage systems. The acquisition is the culmination of a long-standing strategic relationship between the companies, said Cisco in a statement. The companies have worked together since early 2016. Cisco also made an investment in Springpath in 2015.

The acquisition is expected to close in Cisco’s first quarter of fiscal year 2018, following customary closing conditions and regulatory review.

[Image courtesy: Cisco]

Just in

AI

AI is ‘a new kind of digital species,’ Microsoft AI chief says — Quartz

Mustafa Suleyman, chief executive of Microsoft AI, said during a talk at TED 2024 that AI is the newest wave of creation since the start of life on Earth, and that “we are in the fastest and most consequential wave ever,” writes Britney Nguyen in Quartz.
Around the web

It’s baaack! Microsoft and IBM open source MS-DOS 4.0 — ZDNet

Microsoft and IBM have joined forces to open-source the 1988 operating system MS-DOS 4.0 under the MIT License, writes Steven Vaughan-Nichols. 
AI

Generative AI arrives in the gene editing world of CRISPR — NYT

New AI technology is generating blueprints for microscopic biological mechanisms that can edit your DNA, pointing to a future when scientists can battle illness and diseases with even greater precision and speed than they can today, writes Cade Metz.
AI

Estée Lauder, Microsoft to build AI Innovation Lab

The Estée Lauder Companies (ELC) and Microsoft Corp. announced the creation of an AI Innovation Lab to expand their global strategic relationship.
Around the web

Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies, creating iPhone versus Android dynamic — CNBC

Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company’s Meta Horizon operating system, writes Kif Leswing.