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Splunk CTO Tim Tully departs to join VC firm Menlo Ventures
Splunk's CTO Tim Tully has left his position at the company to join venture capital firm Menlo Ventures as a new partner. Tully will focus on next-gen cloud infrastructure, specifically AI/ML platforms, DevOps, and the new data stack, while also advising on early-growth investments considered by Menlo’s Inflection Fund. Tully oversaw Splunk's cloud transformation and 10 of its acquisitions.
Turkey bans crypto payments, Bitcoin value falls 4.6%
The price of Bitcoin fell by more than 4% today after Turkey's central bank announced a ban on the use of cryptocurrencies and crypto assets for purchases. Explaining the decision, the bank cited the possibility of “irreparable” damage and transaction risks. Bitcoin, which has risen to historic highs over the last week, fell by 4.6% after the announcement to just over $60k.
Intel, Nvidia, TSMC execs say global chip shortage will last until 2023
Top executives from several leading chipmakers including Nvidia, Intel and TSMC have warned that the global semiconductor crisis is likely to continue until at least 2023. Intel CEO Pat Gelsinger has been the one to give the worst estimate, telling the Washington Post that he expects the issue will take “a couple of years” to solve as demand soars and production capacity is maxed out.
Google misled consumers over location data, Australian watchdog finds
Google misled some consumers over personal location data in Australia, the country's competitions watchdog has revealed. It found that between January 2017 and December 2018, Google wrongly said that it could only collect information from the location history setting on user devices. The watchdog is pressing for penalties, although Google said it "disagreed" with the ruling.
ARK buys $110m Coinbase shares on debut
Three funds at Cathie Wood’s Ark Investment Management bought shares of the biggest U.S. cryptocurrency exchange Coinbase Global Inc. on its highly anticipated trading debut. Ark bought 341,186 shares across the funds, valued at about $110 million. The three funds were Ark Innovation ETF, Next Generation Internet ETF and Fintech Innovation ETF. Ark is known for its support of disruptive trends.
Google Cloud links up with OSIsoft
Google Cloud has agreed a partnership with OSIsoft. This will allow it to support clients as they move industrial workloads to the cloud. OSIsoft delivers infrastructure for two thirds of the industrial Fortune 500 and was acquired by Aveva last month for $5bn. "Our goal is for manufacturers to be able to scale across thousands of pieces of equipment," a Google spokesperson told Venture Beat.
EE and AT&T edging 5G performance race - research
Research firm RootMetrics has revealed that EE and AT&T are currently beating rivals in the 5G performance race. Data taken from the UK and the US showed that the two companies are marginally ahead. Areas tested included 5G availability, 5G download speed and 5G data reliability. Speeds in the US are down in general when compared to the UK and South Korea.
Walmart makes bet on Cruise's self-driving tech
Walmart has invested in Cruise, the GM-backed self-driving car company. The pair collaborated on a trial delivery service late last year. Now Walmart is putting cash into a $2.75bn funding round. Microsoft and Honda have previously supported Cruise, which has also revealed plans to begin testing its vehicles in Dubai. So far testing has been undertaken in San Francisco.
IBM acquires Italian business process automation startup MyInvenio
IBM has announced the acquisition of Italian business minin software company MyInvenio. The deal is still subject to regulatory approval and expected to close by Q3 2021. MyInvenio's software helps enterprises tackle streamlining backend processes across accounting, sales, and production. IBM’s purchase of MyInvenio builds on its existing OEM agreement with the company, announced in November.
Dell to spin off VMware
Dell has announced the long-awaited spinoff of computer visualisation giant VMware. Dell confirmed it would spin off 81% ownership of VMware to create two separate businesses, with VMware to distribute a cash dividend between $11.5bn and $12bn to shareholders, $9bn of which will go to Dell. VMware will continue to use Dell Financial Services to help its customers finance digital transformations.
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