Toni Townes-Whitley breaks her silence on sudden departure from SAIC
Science Applications International Corp.’s board wanted a new direction as the former CEO cites several accomplishments from her two-year stint leading the company. Toni Townes-Whitley, the former CEO of Science Applications international Corp., has given her take in a LinkedIn post on her sudden departure from SAIC. In essence, SAIC’s board of directors told her they […]
Shutdown’s end just the beginning as contractors face months-long recovery
The Professional Services Council estimates full recovery will not arrive until mid-March as agencies grapple with invoice backlogs, stalled payments and restarting contracts. The government shutdown might be over, but the impact will linger and be felt by contractors for months. The Professional Services Council estimates that for every day of a shutdown it takes three-five […]
Pentagon restarts work to craft $1B research support recompete
Three companies currently work with the Defense Department’s main research and engineering office on aligning business operations and technology initiatives. The Defense Department is picking up where it left off in its work to recompete a contract for working with DOD’s lead research and engineering office on identifying emerging technologies and shaping future requirements. In October […]
Coding, autonomy and a new fund highlight a week of venture moves
Two companies tout their newest rounds of investment capital, while a veteran-led venture firm announces its third fund for backing early-stage firms. Code Metal This developer of technology for software developers to properly translate artificial intelligence code has fetched $36.5 million in Series A capital from investors to aid in its expansion push across industries with […]
IBM unveils updated quantum computing products
IBM moves closer to fault-tolerant quantum advantage with the launch of new hardware and software for scalable quantum processing. YORKTOWN HEIGHTS, NEW YORK — IBM is continuing its journey to scaling fault-tolerant quantum computers to commercial use with two new product launches that enable fast and accurate computation within their qubit architectures. IBM announced on Wednesday […]