EdTech Insight – India approves three chip plants with over $15 billion in investments to realize semiconductor ambitions

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

Executive Summary and Main Points The Indian government’s endorsement of over $15 billion investment for building three semiconductor plants heralds India’s commitment to becoming a pivotal player in the global chip industry. This strategic move...

EdTech Insight – Facebook is getting rid of the News tab in the U.S. and Australia

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

Executive Summary and Main Points Meta, the parent company of Facebook, is undergoing significant changes that have implications for the global education technology sector. Mark Zuckerberg’s planned discussions with Samsung Electronics about AI chip supply...

EdTech Insight – India’s Byju’s lost more than $20 billion in valuation — what went wrong with the startup darling?

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

“`html Executive Summary and Main Points Byju’s, once a vanguard in the edtech industry and India’s most valued startup, has faced a torrent of challenges, including governance issues and financial mismanagement claims. Valuation of the company has...

EdTech Insight – Bitcoin tops $61,000 as it closes out the best month since 2020

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

Executive Summary and Main Points The surge in cryptocurrency value, particularly Bitcoin and Ether, has marked a significant trend in the digital asset sector, with Bitcoin experiencing a 42% increase in its value over the past month. This represents its strongest...

EdTech Insight – Humanoid robot startup Figure AI valued at $2.6 billion as Bezos, OpenAI, Nvidia join funding

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

Executive Summary and Main Points The global race to build and integrate humanoid robots into business operations has taken a significant leap forward with startup Figure AI’s development of a general-purpose robot called Figure 01. Backed by major tech players...

EdTech Insight – Elon Musk again promises next-generation Roadster, six years after first hyping it

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

“`html Executive Summary and Main Points: Elon Musk has reignited attention around Tesla’s next-generation Roadster with ambitious claims, including sub-second acceleration and rocket thruster technology. This has come amidst competition from BYD’s...