EdTech Insight – Samsung Electronics’ operating profit jumps 933% in first quarter, beats expectations

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

Executive Summary and Main Points Samsung Electronics has demonstrated a formidable resurgence in the first quarter of 2024 with a 932.8% increase in operating profit, attributed to the robust sales of its Galaxy S24 smartphones and a surge in memory chip prices...

EdTech Insight – Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a ‘better year’ in 2025

by EdTechMate | Apr 29, 2024 | CNBC, News & Insights

Executive Summary and Main Points The revitalization of the IPO market, spearheaded by technology equities, signifies a trend toward investment readiness and the valuation of growth in the education technology sector. With Morgan Stanley’s Colin Stewart...

EdTech Insight – Amazon says more packages are arriving in a day or less after hefty investment in speedy fulfillment

by EdTechMate | Apr 29, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent advancements at Amazon, with a particular focus on their accelerated delivery system, underline significant innovations in the logistics and supply chain arenas. This enhanced operational efficiency reflects a trend towards...

EdTech Insight – Tesla jumps 12% in premarket trading after passing key hurdle to roll out full self-driving in China

by EdTechMate | Apr 29, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent advancements made by Tesla, led by Elon Musk, in self-driving technology have reached a pivotal point with the expected full rollout of its Full Self Driving (FSD) technology in China. After meeting Chinese data security...

EdTech Insight – Oracle boosts its generative AI capabilities as cloud competition heats up

by EdTechMate | Apr 29, 2024 | CNBC, News & Insights

Executive Summary and Main Points Oracle, a prominent cloud infrastructure provider, is aggressively enhancing its generative AI capabilities to remain competitive in the intensifying cloud landscape. The integration of generative AI into Oracle’s cloud services...

EdTech Insight – How working for Big Tech lost ‘dream job’ status

by EdTechMate | Apr 28, 2024 | CNBC, News & Insights

Executive Summary and Main Points Recent reports highlight a stark contrast in the technology sector, with industry mammoths like Alphabet and Microsoft achieving exceptional financial results amidst a wave of mass layoffs in the tech industry. Layoffs.fyi data...