TechTaffy

tech:

taffy

Google acquires IoT platform Xively

By TechTaffy Desk

Google has entered into an agreement to acquire Xively, the Internet of Things (IoT) business unit of LogMeIn. The sticker price of the deal is $50 million. Some 45 Xively employees are expected to join Google as part of the acquisition.

Antony Passemard, product management, IoT and Pub/Sub, Google Cloud, wrote in a blog post, “Through this acquisition, Cloud IoT Core will gain deep IoT technology and engineering expertise, including Xively’s advanced device management, messaging, and dashboard capabilities.”
In a blog post, LogMeIn said that the company is exiting the IoT space.
The acquisition is subject to customary closing conditions.

[Image courtesy: Xively]

Just in

Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.
AI

Intel’s neuromorphic system has neuron capacity of an owl’s brain

Intel says it has built the world's largest neuromorphic computing system called Hala Point, that has the neuron capacity roughly equivalent to that of an owl brain.
AI

AMD launches AI chips for business PCs

AMD has announced new Ryzen PRO 8040 Series mobile processors and Ryzen PRO 8000 Series desktop processors with AI capabilities.
AI

Adobe previews generative AI features in Premiere Pro

Adobe has previewed generative AI features within its video editing software, Adobe Premiere Pro, aimed at streamlining video creation and production workflows.
AI

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.