EdTech Insight – Humane, the startup behind the AI Pin, in talks with HP, telecoms to sell

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

Executive Summary and Main Points Humane, an AI hardware startup co-founded by former Apple designers, is exploring the sale of its business following the underwhelming reception of its flagship product, the AI Pin—a wearable AI device designed as a smartphone...

EdTech Insight – U.S. regulators to open antitrust probes into Nvidia, Microsoft and OpenAI

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

Executive Summary and Main Points Antitrust investigations by the Federal Trade Commission (FTC) and the Justice Department (DOJ) target key players in the artificial intelligence (AI) industry, including Microsoft, OpenAI, and Nvidia. This scrutiny comes amid a...

EdTech Insight – Payhawk, a $1 billion corporate card startup, plans M&A shopping spree after 86% sales growth

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

Executive Summary and Main Points Payhawk, a growing corporate payments startup, is actively pursuing strategic mergers and acquisitions, aiming to expand its presence in the corporate spend management arena. Targeting firms at the Series A development stage,...

EdTech Insight – TSMC-backed Vanguard and Dutch firm NXP to build $7.8 billion Singapore wafer plant

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

Executive Summary and Main Points In the realm of semiconductor manufacturing, significant strides have been taken with the planned construction of a $7.8 billion wafer manufacturing plant in Singapore. This venture is a collaboration between Taiwan Semiconductor...

EdTech Insight – Nvidia hits $3 trillion market cap on back of AI boom

by EdTechMate | Jun 5, 2024 | CNBC, News & Insights

Executive Summary and Main Points Nvidia’s CEO, Jensen Huang, highlighted the company’s outstanding market performance ahead of Computex 2024, with stock values soaring above $1,224, resulting in a market capitalization surpassing $3 trillion. This...

EdTech Insight – Nvidia briefly passes Apple as second most valuable public U.S. company

by EdTechMate | Jun 5, 2024 | CNBC, News & Insights

Executive Summary and Main Points Nvidia, the renowned chipmaker, has recently overtaken Apple in market capitalization, briefly touching the $3 trillion mark, owing to the burgeoning artificial intelligence (AI) industry. The company, initially known for its gaming...