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EdTech Insight – Digital bank Monzo posts first full year of profit after more than doubling revenue

EdTech Insight – Digital bank Monzo posts first full year of profit after more than doubling revenue

by EdTechMate | Jun 3, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent announcement from Monzo, a major UK-based fintech enterprise, underscores the dynamic evolution in digital banking and presents significant points of consideration for the international education sector. The company...
EdTech Insight – Nvidia announces new AI chips months after latest launch as market competition heats up

EdTech Insight – Nvidia announces new AI chips months after latest launch as market competition heats up

by EdTechMate | Jun 2, 2024 | CNBC, News & Insights

Executive Summary and Main Points Nvidia’s latest innovation, the “Rubin” AI chip architecture, represents a significant leap forward in the AI chip market. This announcement follows closely on the heels of the “Blackwell” model,...
EdTech Insight – Nvidia dominates the AI chip market, but there’s more competition than ever

EdTech Insight – Nvidia dominates the AI chip market, but there’s more competition than ever

by EdTechMate | Jun 2, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points Nvidia Corporation, a global leader in AI processors, is dominating the market with a market cap reaching $2.7 trillion. Their latest GPUs, coupled with CUDA software, have solidified their position, with a 70-95% market...
EdTech Insight – Software stocks got pummeled this week after a cluster of troubling earnings reports

EdTech Insight – Software stocks got pummeled this week after a cluster of troubling earnings reports

by EdTechMate | Jun 1, 2024 | CNBC, News & Insights

Executive Summary and Main Points In recent trends highlighting the dynamics within the global enterprise tech sector, significant changes have emerged post-pandemic. Key conversations at forums like the World Economic Forum signify shifting imperatives. Industry...
EdTech Insight – Binance’s ex-CEO begins prison sentence in California

EdTech Insight – Binance’s ex-CEO begins prison sentence in California

by EdTechMate | May 31, 2024 | CNBC, News & Insights

Executive Summary and Main Points The article centers on Changpeng Zhao (CZ), the founder of Binance, and his recent sentencing to a low-security federal prison after pleading guilty to charges associated with enabling money laundering through the cryptocurrency...
EdTech Insight – Shares of Dell fall 18% as AI servers are sold at ‘near-zero margins’

EdTech Insight – Shares of Dell fall 18% as AI servers are sold at ‘near-zero margins’

by EdTechMate | May 31, 2024 | CNBC, News & Insights

Executive Summary and Main Points The latest news in education technology from Dell Technologies highlights challenges and potential opportunities in the artificial intelligence (AI) sector. Despite Dell’s revenue surpassing analyst expectations in their fiscal...
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