Al Subbloie has resigned from his role as CEO, and chairman of the board of Tangoe. According to a statement released by the company, his decision came immediately after being informed of the board’s conclusion that Tangoe in the longer term would benefit from a transition to a new CEO. Independent director James Foy will serve as acting CEO, while a search process is conducted to identify a permanent CEO. Gerald Kokos, Tango’s lead director, has been appointed executive chairman.
Tangoe CEO Resigns
Just in
Industry
Tencent, Mercedes-Benz, EA partner for in-car gaming
Tencent, Mercedes-Benz, and Electronic Arts (EA) announced their partnership at Auto China 2024 to bring in-car gaming to Mercedes-Benz vehicles in China.
AI
Amazon Q generative AI chatbot now generally available
Amazon Web Service (AWS) has announced the general availability of Amazon Q, a generative AI-powered assistant that leverages companies' internal data.
Fundings
Island raises $175M
Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.
Around the web
Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison — Gizmodo
Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, writes Maxwell Zeff in Gizmodo.
AI
CoreWeave raises $1.1B
CoreWeave, a specialized cloud provider for AI, has secured $1.1 billion in new funding.