EdTech Insight – Microsoft drops its observer seat on OpenAI board amid regulatory scrutiny

by EdTechMate | Jul 10, 2024 | CNBC, News & Insights

Executive Summary and Main Points In recent educational technology news, Microsoft has declared its intent to vacate its observer seat on OpenAI’s board amidst increased regulatory scrutiny on generative artificial intelligence (AI) in Europe and the United...

EdTech Insight – UiPath to lay off 10% of workforce in companywide restructuring

by EdTechMate | Jul 9, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points The recent developments at UiPath, a leading automation software developer, underscore key trends in the landscape of global higher education, particularly in the area of digital transformation. The company’s...

EdTech Insight – Etsy CEO says company is escaping ‘race to the bottom’ and getting back to its artisan roots

by EdTechMate | Jul 9, 2024 | CNBC, News & Insights

Executive Summary and Main Points Etsy, the prominent online marketplace for artisan and handcrafted goods, has embarked on a significant transformation to redefine its brand identity and operational policies. This shift is in direct response to the dilution of their...

EdTech Insight – Stolen crypto doubled to $1.38 billion in the first half of 2024, research firm says

by EdTechMate | Jul 9, 2024 | CNBC, News & Insights

Executive Summary and Main Points According to a report by TRM Labs, the first half of 2024 has seen a significant spike in cryptocurrency thefts through hacking, with over $1.38 billion worth of crypto assets stolen—a more than 100% increase from the $657 million...

EdTech Insight – San Francisco’s AI boom can’t stop real estate slide, as office vacancies reach new record

by EdTechMate | Jul 8, 2024 | CNBC, News & Insights

Executive Summary and Main Points The San Francisco real estate market is grappling with historic high vacancy rates and declining rents, largely driven by the tech downturn and the shift to hybrid work models post-pandemic. However, advancements in artificial...

EdTech Insight – Corning shares pop 12% as AI boom drives stronger-than-expected demand for equipment

by EdTechMate | Jul 8, 2024 | CNBC, News & Insights

Executive Summary and Main Points The primary focus of this summary is on Corning, a company renowned for creating Gorilla Glass for Apple iPhones. The recent boost in Corning’s performance is attributed to the burgeoning demand for its optical connectivity...