TechTaffy

tech:

taffy

Google Buys Foxconn Imaging Patents For Glass

By TechTaffy Desk

Google_GlassGoogle has bought virtual imaging patents from Foxconn, reports AFP, based on a document acquired by the news agency. The patents will be reportedly used to enhance Google Glass.

According to a report on AllThingsD by Aries Poon, Hon Hai confirmed the transaction in a statement on Friday, but did not provide any additional details, including the size of the deal.

Foxconn, also known as Hon Hai, is a key supplier of Apple, as well as a stakeholder in GoPro cameras. Foxconn also has a stake in Himex Technologies, a company that makes the chips used in Google Glass.

[Image courtesy: Google]

Updated: 7.15p PST

Just in

Series E

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.
Series A

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.
Industry

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.
Around the web

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. 
AI

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.