EdTech Insight – Meta accused of breaching EU antitrust rules over ad-supported subscription service

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

Executive Summary and Main Points The prevailing environment within the tech sector has seen a notable decline in investor confidence, exemplified by a sharp drop in the stock value of leading tech conglomerate Meta. Amidst this atmosphere, the company is grappling...

EdTech Insight – Google invests in BlackRock-backed Taiwanese solar developer to boost energy capacity amid AI boom

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

Executive Summary and Main Points The latest education technology news unveils a strategic partnership between Google and BlackRock aimed at developing a 1 gigawatt solar capacity in Taiwan. This initiative will incorporate Taiwanese solar developer New Green Power to...

EdTech Insight – Gen Z’s shopping decisions are heavily driven by TikTok and influencers, report finds

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

Executive Summary and Main Points The latest KPMG report sheds light on significant trends within the Asia-Pacific fashion market, emphasizing Generation Z’s shopping behaviors. This demographic is heavily influenced by social media platforms, particularly...

EdTech Insight – Bitcoin windfall coming for Mt. Gox creditors after decade-long wait and 10,000% price spike

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

“`html Executive Summary and Main Points The resolution of the decade-long Mt. Gox bitcoin exchange saga represents a significant event in the cryptocurrency and digital asset landscape. The heist at Mt. Gox, which led to the loss of up to 950,000 bitcoins and...

EdTech Insight – Amazon is doubling value of credits for some startups to build on AWS as Microsoft cloud gains ground

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

Executive Summary and Main Points Amazon Web Services (AWS) is escalating its offerings to the startup community, particularly those focused on artificial intelligence (AI), by doubling the credits through its Activate program for Series A startups. This strategic...

EdTech Insight – Amazon beefs up AI development, hiring execs from startup Adept and licensing its technology

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

Executive Summary and Main Points In recent developments, Amazon has intensified its investments in artificial intelligence, recruiting top-tier AI talent from Adept and securing licensing rights to the startup’s technology. This move fortifies Amazon’s...