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...

EdTech Insight – Tech founders are shunning IPOs after extended market lull, survey finds

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

Executive Summary and Main Points The landscape of initial public offerings (IPOs) in the technology sector is witnessing a tangible shift. A recent survey from startup accelerator Techstars indicates a declining interest in pursuing an IPO among entrepreneurs, down...

EdTech Insight – Crypto company Consensys sued by SEC as regulator continues industrywide crackdown

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

Executive Summary and Main Points In the expanding realm of global higher education, the realm of digital assets and the use of blockchain technology are gaining momentum. One of the chief innovators in this space, ConsenSys, a prominent blockchain firm, has recently...

EdTech Insight – Peter Thiel says, ‘If you hold a gun to my head I’ll vote for Trump’ though he isn’t backing campaign

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

Executive Summary and Main Points The global higher education sector is continuously evolving, often through the integration of technology and digital platforms. Innovations such as artificial intelligence, big data analytics, and online learning environments are...

EdTech Insight – SoftBank shares rise on $1.86 billion debt offering as CEO talks up ‘super’ AI

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

Executive Summary and Main Points SoftBank Group Corp., led by Chairman and CEO Masayoshi Son, is shifting focus towards strengthening its financial position and accelerating investment in artificial intelligence. The Japanese conglomerate, known for its Vision Fund...

EdTech Insight – Chinese smartphone maker Honor says AI’s power is ‘worthless’ without data privacy

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

Executive Summary and Main Points The global landscape of education technology is witnessing rapid advancements, particularly in the integration of Artificial Intelligence (AI). Honor’s CEO, George Zhao, emphasized the importance of data security in AI...