EdTech Insight – Musk launches SpaceX’s Starlink internet services in Indonesia, says more investments could come

by EdTechMate | May 20, 2024 | CNBC, News & Insights

Executive Summary and Main Points Elon Musk’s SpaceX has introduced the Starlink satellite internet service to Indonesia, targeting enhancement of internet connectivity in remote areas of the world’s largest archipelago. This step echoes a growing trend in...

EdTech Insight – Microsoft set to unveil its vision for AI PCs at Build developer conference

by EdTechMate | May 19, 2024 | CNBC, News & Insights

Executive Summary and Main Points In recent technology news, Microsoft’s Build developer conference has put a spotlight on the company’s advancements in artificial intelligence, positioning AI as an integral element of the PC experience. Microsoft CEO Satya...

EdTech Insight – As Tesla layoffs continue, here are 600 jobs the company cut in California

by EdTechMate | May 17, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points The broad restructuring efforts undertaken by Tesla, a major electric vehicle manufacturer, have led to significant layoffs that include roles from entry-level to director positions, covering departments such as factory...

EdTech Insight – OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it

by EdTechMate | May 17, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent organizational changes at OpenAI, a leading AI research institute, have seen the disbandment of its team dedicated to addressing the long-term risks of artificial intelligence, despite previous commitments to dedicate...

EdTech Insight – BlackRock funds are ‘crushing shareholder rights,’ says activist Boaz Weinstein

by EdTechMate | May 17, 2024 | CNBC, News & Insights

Executive Summary and Main Points Innovative investment strategies and governance issues have taken center stage in the tussle between Saba Capital Management and BlackRock over the management of certain closed-end funds. With Saba aiming to gain control or influence...

EdTech Insight – AI infrastructure startup CoreWeave raises $7.5 billion in debt deal led by Blackstone

by EdTechMate | May 17, 2024 | CNBC, News & Insights

Executive Summary and Main Points In a notable development, artificial intelligence infrastructure startup CoreWeave, after securing $1.1 billion in equity funding, has raised an additional $7.5 billion in debt to enhance its cloud data centers. Leading investment...