Panasonic North America names Tom Gebhardt new CEO

Panasonic has named Tom Gebhardt, currently president of Panasonic Automotive Systems, to succeed Joseph Taylor as chairman and CEO of Panasonic of North America. Mr. Gebhardt, a 32-year veteran of the company, will become chairman and CEO effective April 1, 2017.

Mr. Taylor is retiring after almost 34 years with the company. He will assume the role of vice chairman of the company until December 31, 2017. He will also serve as a strategic advisor to Panasonic Avionics and as a board member of Hussmann.

Mr. Gebhardt has led Panasonic Automotive Systems Company of America since 2012. During his career with the company, he has served as president of Panasonic Industrial Group, president of Panasonic Factory Solutions Company of America, and general manager of Panasonic Batteries.

Succeeding Mr. Gebhardt as president of Panasonic Automotive Systems Company of America will be Scott Kirchner, who currently serves as the company’s CTO and executive vice president.

Just in

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.