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Microsoft to invest $5bn in IoT
Microsoft is to invest $5bn in the IoT over the next four years as it aims to give all its customers the ability to transform their businesses, and the world at large, with connectivity.
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Intel sells Wind River to TPG
Intel is selling its embedded software subsidiary Wind River to private equity investment firm TPG for an undisclosed amount. Wind River president Jim Douglas and his existing executive management team will continue to lead the firm after the transaction closes.
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Philips launches IoT platform for connected lighting
Philips Lighting, which has just changed its name to Signify, has announced an IoT platform called Interact that will let its professional users unlock the potential of connected lighting.
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