EdTech Insight – Shopify shares plunge 18% on weak guidance

by EdTechMate | May 8, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points Shopify’s recent financial results indicate a mix of success and caution within the e-commerce sector. Despite surpassing first-quarter earnings and revenue expectations, projected slow growth and increased expenses...

EdTech Insight – Uber reports first-quarter results that beat expectations for revenue, but posts net loss

by EdTechMate | May 8, 2024 | CNBC, News & Insights

Executive Summary and Main Points In reviewing the latest educational technology news, key innovations and trends are shaping the sector through strategic integration of AI and digitalization. Major themes involve the transition from traditional learning environments...

EdTech Insight – Apple is reportedly developing chips to run artificial intelligence software in data centers

by EdTechMate | May 7, 2024 | CNBC, News & Insights

Executive Summary and Main Points Apple Inc. is in the process of developing specialized AI chips for data centers, dubbed Project ACDC, which focuses on AI inference tasks. The project underscores Apple’s intensified efforts to embed artificial intelligence across...

EdTech Insight – Palantir shares fall 7% on lower-than-expected guidance

by EdTechMate | May 6, 2024 | CNBC, News & Insights

Executive Summary and Main Points Palantir Technologies Inc., a prominent player in big-data and artificial intelligence software for government and corporate entities, faced a downturn in its stock value subsequent to a financial guidance that did not align with...

EdTech Insight – Taser and police body cam maker Axon is acquiring air defense startup Dedrone

by EdTechMate | May 6, 2024 | CNBC, News & Insights

Executive Summary and Main Points The acquisition of Dedrone, a leading smart air security startup, by public safety technology company Axon reflects significant advancements in drone defense technologies. Dedrone, valued for its protective measures of public airspace...

EdTech Insight – China’s Ant Group doubles down on global expansion with cross-border payments offering Alipay+

by EdTechMate | May 6, 2024 | CNBC, News & Insights

Executive Summary and Main Points Ant Group, an affiliate of Alibaba, is significantly expanding the reach of its digital payment offering, Alipay+, aiming to facilitate seamless global transactions. Serving as a unification tool, Alipay+ connects users to 88 million...