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Yahoo Makes Maynard Webb Chairman

Yahoo is reportedly appointing Maynard Webb as chairman of the company’s board. Mr. Webb had joined Yahoo in February 2012, and was serving as interim chairman, following Fred Amoroso’s resignation in April. The story was  reported by Harrison Westwater, Wendy Brundige, and Brian Womack of Bloomberg.

Mr. Webb is the  author of Rebooting Work: Transform How You Work in the Age of Entrepreneurship, and is a board member of Salesforce.com, and LiveOps, as well. Mr. Webb founded Webb Investment Network in 2010, and is the former CEO of LiveOps and former COO of eBay.

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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.