HCL Technologies Signs Multi-million Dollar Contract With Deutsche Bank

HCL Technologies announced that it has signed a  five year Application Support Transformation deal with Deutsche Bank’s Capital Markets arm. This deal comes as the bank endeavors to move away from a traditional applications support model to process driven services governed by global standards like ITIL (Information Technology Infrastructure Library. The transformation is expected to result in significant vendor consolidation, according to HCL Technologies, and involves the management of business critical banking applications. While the size of the deal was not made public, according to a release from HCL Technologies, it was a multi-million dollar contract.

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Gordon Bell, an architect of our digital age, dies at age 89 — Ars Technica

Computer pioneer Gordon Bell, who as an early employee of Digital Equipment Corporation (DEC) played a key role in the development of several influential minicomputer systems and also co-founded the first major computer museum, passed away, writes Benj Edwards in Ars Technica. 

Amazon plans to give Alexa an AI overhaul — and a monthly subscription price — CNBC

Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, writes Kate Rooney in CNBC.

Scale raises $1B

San Francisco-based data foundry startup Scale has raised $1 billion in a Series F financing round, pegging the company at a $13.8 billion valuation.