EdTech Insight – Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO

by EdTechMate | Jun 7, 2024 | CNBC, News & Insights

Executive Summary and Main Points Nium, a fintech startup based in Amsterdam, Netherlands, recently announced a successful fundraising round of $50 million from various investors, including an undisclosed Southeast Asian sovereign wealth fund. This round values Nium...

EdTech Insight – The quiet Apple executive behind Apple’s AI strategy

by EdTechMate | Jun 7, 2024 | CNBC, News & Insights

Executive Summary and Main Points Apple, trailing in the artificial intelligence race, is gearing up to unveil user-centric AI products under the guidance of AI chief John Giannandrea at its upcoming WWDC conference. Despite Apple’s discreet developments, the...

EdTech Insight – Alphabet’s new CFO was in the middle of the GLP-1 boom. Now she’s onto generative AI

by EdTechMate | Jun 6, 2024 | CNBC, News & Insights

Executive Summary and Main Points The international education and digital transformation sectors are closely observing Alphabet Inc’s recent executive shifts, illustrating a strategic pivot towards leveraging generative AI amidst the rapid digitalization of...

EdTech Insight – Trump heads to tech fundraiser in San Francisco, with some guests paying $300,000

by EdTechMate | Jun 6, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent fundraiser for Republican presidential candidate Donald Trump, hosted by tech investors David Sacks and Chamath Palihapitiya, indicates a notable shift within parts of the tech industry. Formerly considered a bastion of...

EdTech Insight – Priceline, Ramp sign deal to disrupt ‘archaic,’ high fee business travel booking model

by EdTechMate | Jun 6, 2024 | CNBC, News & Insights

Executive Summary and Main Points Through strategic partnerships, such as Ramp’s collaboration with Priceline, the expense management sector is witnessing a digital transformation that is reshaping corporate travel. This innovation integrates artificial...

EdTech Insight – Salesforce to open new AI center in London as part of $4 billion UK investment

by EdTechMate | Jun 6, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points In a significant move underscoring its commitment to artificial intelligence (AI) and global technology growth, Salesforce has inaugurated an AI center in London. This initiative is part of a broader $4 billion investment...