tech:

taffy

Shanghai Industrial Technology Research Institute signs IoT collaboration MoU with IEEE

Shanghai Industrial Technology Research Institute (SITRI) and the IEEE Technical Committee on Cyber-Physical Systems, an IEEE constituency which aims at promoting interdisciplinary research and education in the field of cyber-physical systems (CPS) and oversees all CPS related activities within IEEE, have signed a Memorandum of Understanding (MOU) for ongoing collaboration and cooperation in developing new technologies for the Internet of Things (IoT) market.

IEEE and SITRI define ‘Cyber-Physical Systems’ as all aspects of systems where intelligent feedback and control, connect embedded computing systems with the physical environment, involving data analytics, machine learning, and real-time intelligent control.

“The IEEE organization is recognized in China and throughout the world as the premier professional society for the electronics age,” said Charles Yang, president of SITRI. “Through this partnership, SITRI and IEEE TC-CPS will research and develop the standards needed to enable the promise of IoT to be realized.”

[Image courtesy: SITRI]

Just in

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.