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...

EdTech Insight – OpenAI competitor Anthropic announces its most powerful AI yet

by EdTechMate | Jun 20, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points The recent announcement of Anthropic’s Claude 3.5 Sonnet, a progressive artificial intelligence model, signifies a transformative juncture in the generative AI realm. Backed by leading technology corporations such...