EdTech Insight – Chinese EV maker Xpeng aims to deliver its first flying car in 2026

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

Executive Summary and Main Points Xpeng AeroHT, an affiliate of electric vehicle maker Xpeng, is progressing in the advanced mobility sector with its innovative “Land Aircraft Carrier” concept, which incorporates a flying two-seater electric passenger...

EdTech Insight – India ‘very favorable’ for IPOs, Peak XV says, as economy and investor sentiment stay strong

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

Executive Summary and Main Points India’s higher education and edtech sectors are poised to benefit from a vibrant IPO ecosystem marked by a regulatory framework that fosters both safety and dynamism for young companies seeking to go public. With 220 IPOs in the...

EdTech Insight – Reddit soars after announcing OpenAI deal that allows use of its data for training AI models

by EdTechMate | May 16, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points Reddit’s recent partnership with OpenAI indicates a significant shift towards the integration of AI technology with social media platforms, with implications for data utilization and digital transformation in global...

EdTech Insight – After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation

by EdTechMate | May 16, 2024 | CNBC, News & Insights

Executive Summary and Main Points The cloud-based design tool company Figma experienced significant valuation fluctuations, from a high of $20 billion during Adobe’s acquisition offer to a current self-facilitated tender offer valuing shares at $12.5 billion....

EdTech Insight – These wall-climbing, AI-powered robots are finding the flaws in ‘D’ grade U.S. infrastructure, from commuter bridges to military hardware

by EdTechMate | May 16, 2024 | CNBC, News & Insights

Executive Summary and Main Points The 2024 CNBC Disruptor 50 has recognized Gecko Robotics at no. 42 for its innovative use of AI and wall-climbing robots in infrastructure inspection and maintenance. The firm’s technology provides crucial insights into the...

EdTech Insight – Meta slapped with child safety probe under sweeping EU tech law

by EdTechMate | May 16, 2024 | CNBC, News & Insights

Executive Summary and Main Points The European Union has instigated a significant investigation into Meta, the parent company of Facebook, concerning potential non-compliance with the bloc’s stringent Digital Services Act (DSA) focused on online child safety....