TechTaffy

tech:

taffy

IBM To Build Fiber Optic And Carrier Ethernet Network Across Vermont

By TechTaffy Desk

[Techtaffy Newsdesk]

IBM and the Vermont Electric Power Company (VELCO) have reached an agreement to build an intelligent fiber optic and Carrier Ethernet communications and control network across the State of Vermont. Spanning more than 1,000 miles, this advanced fiber communications network will connect transmission substations to Vermont’s distribution utilities, delivering reliable electric service and the capabilities required for the state’s future Smart Grid.

IBM will provide project management and networking services, part of its Intelligent Utility Network solution, to help VELCO improve the state’s electric infrastructure. The communications network is based on Ciena’s 6500 Packet-Optical Transport platform and its family of Carrier Ethernet Service Aggregation and Delivery switches.

IBM is involved in more than 150 smart grid engagements around the world, in both mature and emerging markets.

 

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.