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Cisco Launches $99/Month Unlimited Telepresence

Cisco has launched Cisco TelePresence for small and medium-sized business.  With this service, customers can purchase or lease select multipurpose and personal endpoints, and connect those endpoints to a hosted service called Cisco TelePresence Callway, part of the Cisco Collaboration Cloud.

The Callway service is managed by Cisco and sold through Cisco Authorized Partners. Callway subscriptions start at $99 per month and include unlimited calls to any TelePresence endpoint as well as to any standards-based video device from third parties over the Internet. Multi-party bridging capabilities for up to 12 participants are also available.

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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.