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Microsoft And Casio Sign Patent Agreement

Microsoft and Casio Computer have entered into a broad, multiyear patent cross-licensing agreement that, among other things, will provide Casio’s customers with patent coverage for their use of Linux in certain Casio devices. This licensing agreement is an extension of the long-standing relationship between the two companies; Casio utilizes a wide variety of Microsoft software for its products, including its industrial handheld terminals and business information systems. The details of the licensing agreement are confidential, but the parties acknowledge that Microsoft is being compensated by Casio. You can find the official release from Microsoft here.  Since Microsoft launched its IP licensing program in December 2003, the company has entered into more than 700 licensing agreements. More information about Microsoft’s licensing programs is available here.

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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.

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.

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.

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. 

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.