EdTech Insight – OpenAI co-founder Ilya Sutskever announces his new AI startup, Safe Superintelligence

by EdTechMate | Jun 19, 2024 | CNBC, News & Insights

Executive Summary and Main Points The landscape of global higher education is set to experience transformative shifts with the advent of Ilya Sutskever’s new company, Safe Superintelligence (SSI). As the co-founder of OpenAI and a seasoned figure in AI...

EdTech Insight – Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO

by EdTechMate | Jun 19, 2024 | CNBC, News & Insights

Executive Summary and Main Points British fintech firm Zilch has secured a substantial $125 million in debt financing from Deutsche Bank, marking a significant strategic move towards expanding their “buy now, pay later” (BNPL) solutions. With this influx...

EdTech Insight – Inside Europe’s tech hubs: Does London have what it takes to remain No. 1?

by EdTechMate | Jun 19, 2024 | CNBC, News & Insights

Executive Summary and Main Points Key innovations and trends in European tech hubs, specifically the U.K., reveal a burgeoning startup ecosystem buoyed by financial technology and subsequent sectors, influencing global financial markets. British startups garnered...

EdTech Insight – Amazon fined $5.9 million for over 59,000 violations of California labor laws

by EdTechMate | Jun 18, 2024 | CNBC, News & Insights

Executive Summary and Main Points The focal point of recent educational technology news discerns the imposition of a nearly $6 million fine on Amazon by California’s labor regulator for violations relating to warehouse productivity quotas. This development...

EdTech Insight – FTC refers TikTok complaint to Justice Department

by EdTechMate | Jun 18, 2024 | CNBC, News & Insights

Executive Summary and Main Points The latest development in the intersection of technology and regulation sees the Federal Trade Commission (FTC) escalating its investigations around TikTok and its parent company ByteDance by referring the case to the U.S. Department...

EdTech Insight – Nvidia passes Microsoft in market cap to become most valuable public company

by EdTechMate | Jun 18, 2024 | CNBC, News & Insights

Executive Summary and Main Points Nvidia, initially recognized for its gaming graphics chips, has now surpassed Microsoft and Apple to become the most valuable company globally, with a market cap of $3.34 trillion. The company’s shares have surged largely due to...