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...

EdTech Insight – Taylor Swift’s music returns to TikTok after Universal Music agrees new licensing deal, ending spat

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

“`html Executive Summary and Main Points In a recent breakthrough, Universal Music Group (UMG) and TikTok have resolved their differences, culminating in a new licensing agreement. This pact comes after a contentious public dispute stemming from a prior failure...

EdTech Insight – Microsoft to open new data center in Thailand as it doubles down on AI and Southeast Asia

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

Executive Summary and Main Points Microsoft is accelerating its investment in Southeast Asia with a series of strategic commitments focused on Thailand and Indonesia, demonstrating the significance the region holds in the tech giant’s global strategy. Satya...

EdTech Insight – Amazon cost cuts drive operating margin into double digits for first time

by EdTechMate | May 1, 2024 | CNBC, News & Insights

Executive Summary and Main Points Amazon has achieved a significant milestone with its operating margin reaching double digits for the first time, recording 10.7% in the first quarter. This increase is attributed to CEO Andy Jassy’s strategy of focusing on...

EdTech Insight – Binance’s billionaire founder to find out if prison time is coming — here’s what lawyers are expecting

by EdTechMate | Apr 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points In a significant case with deep repercussions for the global financial and cryptocurrency sectors, Changpeng Zhao, the founder and former CEO of Binance, awaits a court decision regarding his guilt in facilitating money laundering...

EdTech Insight – Europe may need to impose tariffs of up to 55% to curb Chinese EV imports: report

by EdTechMate | Apr 30, 2024 | CNBC, News & Insights

Executive Summary and Main Points European Union’s contemplation of imposing steep tariffs on Chinese electric vehicles (EVs) presents a landmark case with key implications for the global higher education sector, where parallels in international competition,...