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EdTech Insight – Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in ‘bloodbath’

EdTech Insight – Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in ‘bloodbath’

by EdTechMate | Feb 19, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points Innovations in electric vehicle technology continue to accelerate, with companies like Xpeng at the forefront, investing heavily in artificial intelligence and intelligent driving systems. As detailed in a letter by CEO...
EdTech Insight – Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025

EdTech Insight – Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025

by EdTechMate | Feb 19, 2024 | CNBC, News & Insights

Executive Summary and Main Points The gaming industry, an integral part of the digital ecosystem, has implications for the EdTech sector, specifically with regards to the gamification of learning and the development of interactive educational tools. Recent reports...
EdTech Insight – Singapore’s AI ambitions get a boost with $740 million investment plan

EdTech Insight – Singapore’s AI ambitions get a boost with $740 million investment plan

by EdTechMate | Feb 19, 2024 | CNBC, News & Insights

Executive Summary and Main Points In Singapore’s strategic vision to solidify its status as an innovation leader, the government plans to invest over $743 million in boosting artificial intelligence (AI) capabilities over the next five years. This investment...
EdTech Insight – EU reportedly set to fine Apple 500 million euros amid antitrust crackdown

EdTech Insight – EU reportedly set to fine Apple 500 million euros amid antitrust crackdown

by EdTechMate | Feb 19, 2024 | CNBC, News & Insights

Executive Summary and Main Points The European Commission is about to levy a substantial fine on Apple for violating EU competition laws, primarily for its alleged preferential treatment of its own music streaming service over rivals like Spotify. According to a...
EdTech Insight – Sony plunged $10 billion after its PS5 sales cut. But a bigger issue is its near decade low games margin

EdTech Insight – Sony plunged $10 billion after its PS5 sales cut. But a bigger issue is its near decade low games margin

by EdTechMate | Feb 18, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points Recent developments at Sony highlight critical trends impacting the global gaming and, by extension, educational technology sectors. Sony’s PlayStation 5 console has seen a decline in sales forecast, with...
EdTech Insight – What the U.S. can learn from Norway when it comes to EV adoption

EdTech Insight – What the U.S. can learn from Norway when it comes to EV adoption

by EdTechMate | Feb 17, 2024 | CNBC, News & Insights

Executive Summary and Main Points Norway has achieved an unprecedented electric vehicle (EV) adoption rate, with 82% of new car sales in 2023 being electric vehicles, thanks to comprehensive policies and incentives introduced as early as the 1990s. This strategic...
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