EdTech Insight – From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry

by EdTechMate | May 5, 2024 | CNBC, News & Insights

Executive Summary and Main Points The cryptocurrency industry witnessed a significant turn as two former titans, Sam Bankman-Fried of FTX and Changpeng Zhao of Binance, faced legal repercussions for their companies’ operational discrepancies. Bankman-Fried...

EdTech Insight – Don’t rate Tesla’s Full Self Driving too highly, tech investor says: ‘By no means autonomous driving’

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

“`html Executive Summary and Main Points Recent news surrounding Tesla’s advancements in China with its advanced driver-assistance feature, Full Self Driving (FSD), has captivated stakeholders, although it may not be as transformative as perceived. The...

EdTech Insight – Apple’s falling iPhone sales don’t bother Wall Street so long as margins, buybacks are increasing

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

Executive Summary and Main Points The recent fiscal updates from Apple showcase notable trends within technology sectors that intersect with international education and digital transformation. Despite a 10% decline in iPhone sales, Apple reported expanding gross...

EdTech Insight – Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profit

by EdTechMate | May 2, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points The recent first-quarter earnings report from Coinbase highlights a notable surge in revenue and profits, signifying a robust uptrend in digital currency exchanges. The reported earnings surpassed average analyst...

EdTech Insight – Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%

by EdTechMate | May 2, 2024 | CNBC, News & Insights

Executive Summary and Main Points In summary, Apple Inc. reported slightly higher than expected fiscal Q2 earnings, with a 4% drop in overall revenue and a 10% decrease in iPhone sales. The company’s stock repurchase plan has been authorized at $110 billion, a...

EdTech Insight – Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ

by EdTechMate | May 2, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent strategic movement in the AI landscape involves Abu Dhabi-based artificial intelligence firm Presight acquiring a majority stake of 51% in AIQ, which is a joint venture between the Abu Dhabi National Oil Company (ADNOC) and...