tech:

taffy

Cognizant’s Frank D’Souza Joins GE Board

[Techtaffy Newsdesk]

The board of directors of GE has elected Francisco Frank D’Souza, CEO and director, Cognizant Technology Solutions, as a GE director.

Mr. D’Souza is an independent director under the New York Stock Exchange listing standards and GE’s independence guidelines. Mr. D’Souza’s election brings GE’s board to 19 members, 17 of whom are independent.

Mr. D’Souza is one of the founders of Cognizant and has been CEO and a director since 2007.  He is a director of the U.S.-India Business Council and a Trustee of Carnegie Mellon University.

Mr. D’Souza graduated from the University of East Asia with a Bachelor of Business Administration degree, and holds a Master’s degree of Business Administration from Carnegie Mellon University.

Just in

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.