TechTaffy

tech:

taffy

Huawei Investing $90M On R&D

By TechTaffy Desk

[Techtaffy Newsdesk]

Huawei will invest €70 million (roughly $90 million) over a five-year period to establish a research and development (R&D) center in Helsinki, Finland.

The Finnish R&D center will be a key driver in Huawei’s research and development of new technologies for mobile devices. Initial projects will focus on software development for smartphones, tablets and rich-media devices, optimizing the user experience of existing operating systems such as Android and Windows Phone 8. From the outset, Huawei plans to recruit 30 employees for the center, with the goal of hiring more than 100 employees over five years.

Over the past 10 years, Huawei has grown significantly in Europe, particularly due to the region’s open economy and foreign investment initiatives. In September 2012, Huawei announced a $2 billion investment in R&D, local procurement and center of excellence initiatives in the United Kingdom. Huawei currently employs more than 7,000 people across Europe.

The R&D center in Helsinki will serve as one of Huawei’s core centers for device R&D, joining an already established modem and technology design center in Sweden and a user interface research center in the United Kingdom.

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.