tech:

taffy

Facebook Acquires UK-Based Monoidics

Monoidics_FacebookFacebook has acquired the assets of UK-based software startup Monoidics. The company’s technical team will be joining the Facebook office in London. Further details of the transaction were not revealed.

“Joining the Facebook team opens up a world of new opportunity for our technology and for our individual and collective scientific expertise,” said the company in a statement.

Monoidics specializes in automatic formal verification and analysis of software; they create software that checks other software for errors and mistakes.

[Image courtesy: Monoidics]

Just in

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.