TechTaffy

tech:

taffy

STMicroelectronics and Mobileye to Develop Third-Generation System-on-Chip Processor

By TechTaffy Desk

STMicroelectronics and Mobileye announced that the two companies are co-developing the next generation of their System-on-Chip processor for the vision-based driver-assistance segment of the automotive market. The EyeQ3 and EyeQ3-Lite will be the first members of a third-generation family in the co-operation, which began in 2005, between ST and Mobileye.

Design of the EyeQ3 is already underway. Stress-test qualification, according to AEC-Q100, is planned within 2013. Production is expected to start in 2014.

You can find the official announcement from STMicroelectronics here.

Just in

Series A

Tembo raises $14M

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

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. 
Fundings

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.
Around the web

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. 
IT

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.