tech:

taffy

UTStarcom Wins China Telecom IPTV Network Expansion Contracts

[Techtaffy Newsdesk]

UTStarcom Holdings has won two new contracts to support IPTV network expansion with Fujian Telecom and Zhejiang Telecom, provincial subsidiaries of China Telecom. As part of the Zhejiang Telecom contract, UTStarcom will build new IPTV 2.0 platforms in two Zhejiang cities, Wenzhou and Taizhou.

UTStarcom Holdings will expand Fujian and Zhejiang Telecom’s simultaneous network capacities and storage capacities for their IPTV systems. Currently, UTStarcom serves nearly one million IPTV users in Fujian and approximately 650,000 IPTV users in Zhejiang.

In 2010, UTStarcom Holdings built six IPTV broadcast control platforms, one in each of Sichuan, Shenzhen, Beijing, Hubei, Hunan and Shandong which were successfully connected with the central-level platform.

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.