EdTech Insight – Tesla short sellers lost $3.5 billion in two days of trading after deliveries report

by EdTechMate | Jul 4, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent surge in Tesla’s stock price, driven by better-than-expected vehicle deliveries, contrasts with the bearish predictions by short sellers. The electric vehicle (EV) pioneer has ramped up its sales efforts through...

EdTech Insight – China-built EVs hit with EU tariffs; Nio says it may have to raise prices in Europe

by EdTechMate | Jul 4, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent actions by the European Union, to impose higher tariffs on electric vehicles (EVs) imported from China, signal an important strategic shift that may resonate throughout various sectors, including educational technologies....

EdTech Insight – SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there

by EdTechMate | Jul 4, 2024 | CNBC, News & Insights

Executive Summary and Main Points Son Masayoshi’s SoftBank Group has been riding a wave of success, with shares soaring to record highs alongside signs of recovery in its tech investment arm, Vision Fund. This surge is attributed in part to the public market...

EdTech Insight – China leads the patents race for generative AI, with Tencent and Baidu topping the list

by EdTechMate | Jul 4, 2024 | CNBC, News & Insights

Executive Summary and Main Points The UN World Intellectual Property Organization’s report reveals that China is leading the global race in generative artificial intelligence (GenAI) patents. China has filed over 38,000 patents from 2014 to 2023, a figure which...

EdTech Insight – Microsoft reaches settlement in California over claims it punished employees for taking protected time off

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

Executive Summary and Main Points The global education sector is witnessing a wave of digital transformation influenced by corporate practices and regulatory compliance, as illustrated by Microsoft’s recent $14.4 million settlement in California. This settlement...

EdTech Insight – China’s BYD is set to take Tesla’s crown as the world’s No. 1 producer of battery electric vehicles

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

Executive Summary and Main Points Recent advancements in the electric vehicle (EV) sector indicate a significant shift with Chinese electric vehicle maker BYD set to surpass Tesla in battery electric vehicle (BEV) sales. The global EV market is dynamically evolving,...