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FIS moves for Worldpay in $35 billion deal
FIS has agreed a deal to buy payments processor Worldpay for $35 billion. It is the biggest deal in the sector to date, with financial services companies consolidating as payment channels online and on the high street grow rapidly. FIS will assume Worldpay's debt, raising the enterprise value of the deal to $43 billion. Worldpay handles approximately $1 trillion worth of transactions every year.
Stanford University launches AI institute
Stanford University is launching a new institute committed to studying, guiding and developing human-centered AI technologies and applications. Stanford said the "mission" of the institute is s to advance AI research, education, policy and practice to improve the human condition. It will be led by John Etchemendy, professor of philosophy and former Stanford University provost.
Huawei to adopt Open Rack in its public cloud data centres
Huawei has announced plans to adopt Open Rack in its new public cloud data centres. The move is designed to enhance the environmental sustainability of Huawei’s new public cloud datacenters by using less energy for servers. It will also driving operational efficiency by reducing the time it takes to install and maintain racks. Facebook, Microsoft and Google have already adopted Open Rack.
Dan Morales appointed CIO of Universal Music Group
Universal Music Group (UMG) has appointed Dan Morales as its new Chief Information Officer. He will oversee UMG's global technology platforms and developing new systems to expand the company’s advanced analytics and data platforms. Additionally, he will a develop insights from data across UMG’s organisation through analytics, reporting and data intelligence.
SAS to invest $1 billion in artificial intelligence
Analytics giant SAS is spending $1 billion on advancing in artificial intelligence. Over a three year period it will develop new AI technologies and develop an AI accelerator programme. Research will be focused on making AI accessible to users with different skill levels. SAS has AI partnerships with the likes of Accenture, Cisco, Deloitte, Intel and NVIDIA.
Australia to build national strategy for blockchain
Australia has revealed a roadmap to become a 'global leader' in blockchain technology. The roadmap includes a number of key development factors in blockchain regulation, skills, innovation and investment. Australia has undertaken different initiatives in recent years to integrate blockchain in a host of sectors. Its government signed a $740 million services contract with IBM in July last year.
Wipro launches AI and machine learning solutions on AWS
Wipro has announced the availability of its AI and Machine Learning solutions on Amazon Web Services (AWS). Wipro’s AI-enabled, on-demand solutions on AWS will govern supply chain processes, and drive enhanced operational efficiency, and productivity for enterprise clients. Wipro is a Premier Consulting Partner in the AWS Partner Network.
SoftBank and Chunghwa to collaborate on AI and IoT
SoftBank and Chunghwa Telecom are to work together in the fields of AI and IoT. Chunghwa, Taiwan's largest telco, wants to explore smart city use cases in the state. Collaboration examples are expected in global IoT platforms, smart infrastructure, smart agriculture, location data and big data. ST Solutions Taiwan Co. Ltd., a subsidiary of SoftBank, will be involved in the collaborations.
Accenture acquires digital marketing agency Storm Digital
Accenture has acquired Storm Digital, a digital marketing agency specializing in search, social and programmatic advertising services. The acquisition expands the presence of Accenture Interactive in the Dutch market. Storm Digital specialses in creating impactful digital customer experiences for leading Dutch companies and brands, including ABN AMRO, Exact, KLM, Rituals and Transavia.
Two key execs to leave Facebook
Two key executives are to leave Facebook. Chris Cox has left his role of Chief Product Officer at Facebook, with Chris Daniels, who had been in charge of WhatsApp, also leaving the company. Will Cathcart will be the new head of WhatsApp, with Fidji Simo becoming the new head of the Facebook app. Last week, Facebook said it is intent on becoming a "privacy-focused" social network.
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