tech:

taffy

Cisco To Invest $546M In Various Brazilian Initiatives

[Techtaffy Newsdesk]

Cisco will invest over $546.6 million ($1 billion reais)  during the next four years in Brazil. Initiatives the company will be spending the funds on include opening a Cisco center of innovation in Rio de Janeiro, and will also be investing in a Brazil-focused ICT and digital economy venture capital fund. Cisco will also be working on the expansion of local manufacturing in the country, and intellectual property agreements and partnerships with Brazilian companies and entities.

Cisco expects these investments will generate around 800 jobs in Brazil, directly and indirectly through its partner ecosystem.

The announcements were made during the opening ceremony of the Cisco Plus event in Rio de Janeiro in the presence of Brazilian Minister of Communications Paulo Bernardo; Rio de Janeiro State Governor Sergio Cabral; and the Mayor of the City of Rio de Janeiro, Eduardo Paes.

Upload: 07-26-12

Just in

Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images — CNBC

Google plans to relaunch its image-generation AI tool in the next “few weeks,” according to Google DeepMind CEO Demis Hassabis, writes Hayden Field. 

Broadcom divests End-User Computing to KKR in $4B deal

Broadcom has agreed to sell its End-User Computing (EUC) division to investment firm KKR in a deal valued at $4 billion. This move will see the division, which focuses on digital workspace solutions, becoming an independent company following the sale's completion.

Myko AI raises $2.7M

Miami, Fl-based Myko, an AI platform provider focused on analyzing sales and revenue data, has secured $2.7 million in seed funding.

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.

Leidos awarded $143M Defense Intelligence Agency technology platform contract

Leidos has obtained a task order contract from the Defense Intelligence Agency's (DIA) Science & Technology Directorate. This contract tasks Leidos with the creation and implementation of a comprehensive system for managing open-source intelligence