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...

EdTech Insight – Warren Buffett is worried about potential for ‘huge losses’ in booming, but still tiny insurance market

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

Executive Summary and Main Points Recent discourse at Berkshire Hathaway’s annual shareholder meeting unveiled cautious yet nuanced stances on cyber insurance—a domain deemed “fashionable” yet fraught with unknowns. Warren Buffett and insurance...

EdTech Insight – Fintech targeted by climate skeptics banks $37 million from likes of UBS, CommerzVentures

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

Executive Summary and Main Points This summary focuses on the Swedish climate-focused fintech startup Doconomy, which recently raised €34 million in a Series B financing round led by UBS Next and CommerzVentures. Specializing in ecological analytics for financial...

EdTech Insight – France is aiming to become a global AI superpower — but not without help from U.S. Big Tech

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

Executive Summary and Main Points France is exerting itself as a formidable contender in the global AI arena, boasting ambitious investments and strategic partnerships with tech giants such as Amazon, Google, and Microsoft. The Viva Technology conference in Paris...

EdTech Insight – MongoDB shares sink 23% after management trims guidance

by EdTechMate | May 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent fiscal report from MongoDB, a prominent database software maker, indicates a significant downturn in its projected earnings and revenue growth. Despite 22% year-over-year revenue growth in the fiscal first quarter, this...

EdTech Insight – Dell shares fall despite growing AI server business

by EdTechMate | May 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points At the Mobile World Congress in Barcelona, Dell Technologies, chaired by Michael Dell, reported surpassing analysts’ estimates for its first-quarter fiscal 2025 earnings and sales, underscoring its prominence as a major supplier...