tech:

taffy

Time Warner Names Mitchell Klaif CIO

TimeWarner

Mitchell Klaif has been named senior vice president and CIO of Time Warner. He will oversee the Corporate Information Technology Group and will lead the execution of Time Warner’s enterprise-wide information technology strategy.

Mr. Klaif joins Time Warner after 17 years at Time, including seven years as the company’s chief information officer and chief technology officer. In his previous role, Mr. Klaif was responsible for overseeing information technology throughout Time worldwide, including technology and e-commerce for more than 115 magazines, 40 branded websites and Time’s direct marketing businesses.

Before joining Time in 1997, Mr. Klaif was president and CEO of a privately held start-up venture, VIAM Communications Group. Prior to this, he spent 18 years at Dow Jones working in a variety of operations and technical positions. Mr. Klaif graduated with honors from Rochester Institute of Technology with a Bachelor of Science degree in printing management.

[Image courtesy: Time Warner]

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.