EdTech Insight – Crypto exchange Gemini returns $2.2 billion to users after pausing withdrawals 18 months ago

by EdTechMate | May 29, 2024 | CNBC, News & Insights

Executive Summary and Main Points The financial landscape for digital assets experiences a significant turn as Gemini Trust Co., led by Cameron and Tyler Winklevoss, announces the reimbursement of $2.18 billion to its Earn program participants. The move follows a...

EdTech Insight – Samsung faces probe after two chip workers exposed to radiation, authorities say

by EdTechMate | May 29, 2024 | CNBC, News & Insights

Executive Summary and Main Points Recent incidents involving radiation exposure at Samsung’s semiconductor production facility in Giheung, Korea, have brought to light the potential risks associated with the manufacturing processes crucial to educational...

EdTech Insight – PwC agrees deal to become OpenAI’s first reseller and largest enterprise user

by EdTechMate | May 29, 2024 | CNBC, News & Insights

Executive Summary and Main Points PricewaterhouseCoopers (PwC) has established a significant agreement with OpenAI, becoming the organization’s pioneering resale partner and its most extensive enterprise client to date. This strategic partnership entails that...

EdTech Insight – Apple to open first store in Malaysia as Asia expansion continues

by EdTechMate | May 29, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent initiatives by Apple, including the launch of the iPhone 15 Pro and expansion into the Asian market with a new store in Malaysia, indicate a strategic push beyond their China-based operations. Amidst intensifying...

EdTech Insight – China’s $47.5 billion chip fund will likely focus on AI amid U.S. export curbs, NYU professor says

by EdTechMate | May 29, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points China has launched a significant third state investment chip fund valued at RMB 344 billion ($47.5 billion) focusing on bolstering domestic semiconductor capabilities. This fund, known as the China Integrated Circuit...

EdTech Insight – FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison

by EdTechMate | May 28, 2024 | CNBC, News & Insights

Executive Summary and Main Points In the context of international education and digital transformation, the case of former FTX executive Ryan Salame demonstrates the importance of ethical conduct and transparency within any sector, including higher education. Key...