EdTech Insight – European Union regulators accuse Apple of breaching the bloc’s tech rules

by EdTechMate | Jun 24, 2024 | CNBC, News & Insights

Executive Summary and Main Points European Union regulators have identified that Apple is potentially violating the new Digital Markets Act (DMA), by limiting customer steering to alternative purchasing channels outside of its App Store. This impedes app developers...

EdTech Insight – China wants EU to scrap planned higher tariffs and ‘abide by WTO rules,’ state media reports

by EdTechMate | Jun 24, 2024 | CNBC, News & Insights

Executive Summary and Main Points In the burgeoning sector of electric vehicles (EVs), a significant development has unfolded between China and the European Union (EU). The EU plans to impose provisional tariffs of up to 38.1% on Chinese EV imports, a substantial...

EdTech Insight – Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap

by EdTechMate | Jun 22, 2024 | CNBC, News & Insights

Executive Summary and Main Points Nvidia’s prominence is climbing in the technology and AI sector, with their GPUs playing a central role in the advancement of generative AI and commanding over 80% of the market dedicated to the training and deployment of AI...

EdTech Insight – Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%

by EdTechMate | Jun 21, 2024 | CNBC, News & Insights

Executive Summary and Main Points In a recent development in the technology sector, Elon Musk, Chief Technology Officer of X and CEO of Tesla, has announced significant workforce reductions at Tesla, largely due to financial pressures and strategic reorganization....

EdTech Insight – Apple Intelligence won’t launch in EU this year due to antitrust regulation

by EdTechMate | Jun 21, 2024 | CNBC, News & Insights

Executive Summary and Main Points Apple Inc., during its Worldwide Developers Conference, announced that the release of its cutting-edge “Apple Intelligence” AI product and other features will be deferred in the European Union (EU) due to compliance issues...

EdTech Insight – SoftBank CEO says AI that is 10,000 times smarter than humans will come out in 10 years

by EdTechMate | Jun 21, 2024 | CNBC, News & Insights

Executive Summary and Main Points In a significant development that could revolutionize the global higher education landscape, Masayoshi Son, CEO of SoftBank Group Corp., has announced a bold vision for the future of Artificial Intelligence (AI). At SoftBank’s...