EdTech Insight – Alibaba’s Hong Kong shares drop 5% after report of possible $5 billion convertible bond sale

by EdTechMate | May 23, 2024 | CNBC, News & Insights

Executive Summary and Main Points Alibaba’s recent moves in the finance segment highlight key trends within the intersection of global higher education and digital transformation. As the tech giant considers selling convertible bonds to raise $5 billion—later...

EdTech Insight – Alibaba bets on AI to fuel cloud growth as it expands globally to catch up with U.S. tech giants

by EdTechMate | May 23, 2024 | CNBC, News & Insights

Executive Summary and Main Points Alibaba has recently announced expansion initiatives for its global cloud computing availability, specifically targeting the opening of new data centers in Mexico, Malaysia, Thailand, and South Korea over the coming three years. This...

EdTech Insight – Elon Musk predicts smarter-than-humans AI in 2 years. The CEO of China’s Baidu says it’s 10 years away

by EdTechMate | May 23, 2024 | CNBC, News & Insights

Executive Summary and Main Points The global higher education sector, closely observing the digital transformation of technology, has witnessed notable insights from Robin Li, the CEO of Baidu, at the Viva Technology show in Paris. Li sheds light on the development...

EdTech Insight – China’s largest chipmaker SMIC is now the No. 3 foundry in the world, Counterpoint says

by EdTechMate | May 23, 2024 | CNBC, News & Insights

Executive Summary and Main Points The noteworthy ascent of China’s Semiconductor Manufacturing International Corporation (SMIC) to the world’s third-largest foundry based on revenue signals a critical milestone in the semiconductor sector. Counterpoint...

EdTech Insight – Big Tech goes on AI charm offensive in Europe as regulators circle

by EdTechMate | May 23, 2024 | CNBC, News & Insights

Executive Summary and Main Points During the Viva Tech conference in Paris, U.S. technology leaders from Amazon and Google advocated for the transformative potential of AI in various sectors including economics and healthcare. The EU’s AI Act was highlighted,...

EdTech Insight – Nvidia shows no signs of AI slowdown after over 400% increase in data center business

by EdTechMate | May 23, 2024 | CNBC, News & Insights

Executive Summary and Main Points Nvidia showcases a robust growth in its data center business, with a 427% increase in the recent quarter, primarily driven by sales of its artificial intelligence processors to key cloud providers. Nvidia’s hardware provides...