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City of Fremont, Calif., awards Trafficware traffic management technology contract

The City of Fremont, CA, has selected Trafficware’s central traffic management ATMS.now™ technology and will also add SynchroGreen adaptive signal technology on a 2.2-mile stretch of Fremont Boulevard.

The bid team was led by Trafficware’s exclusive distributor for northern California Western Pacific Signal (WPS) and replaces an older system. The new technology is scheduled to be deployed by late first quarter 2017.

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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.

Snowflake to acquire TruEra AI observability platform

Snowflake has entered into a definitive agreement to acquire TruEra, providers of an AI observability platform. Financial terms of the transaction were not disclosed.