EdTech Insight – BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%

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

Executive Summary and Main Points Swedish fintech startup Trustly, specializing in open banking technologies, is delaying its initial public offering (IPO) despite a 51% rise in operating profit and substantial revenue gains, with $265 million reported for the 2023...

EdTech Insight – Viva Connections Partner Showcase – Lightning Tools

by EdTechMate | May 30, 2024 | Harvard Business Review, News & Insights

Executive Summary and Main Points In the rapidly evolving landscape of educational technology, key innovations have emerged from the partnership between Lightning Tools and Microsoft. Brett Lonsdale of Lightning Tools showcased their advanced solutions and extensions,...

EdTech Insight – Google to invest $2 billion in Malaysia and build data center to capture rising AI demand

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

Executive Summary and Main Points The technology sector is witnessing significant financial impetus with Google and Microsoft’s burgeoning investments in Southeast Asia, notably Malaysia. Google has earmarked $2 billion for the development of its first data...

EdTech Insight – How to use Cosmos DB at extreme scale with large document sizes

by EdTechMate | May 30, 2024 | Harvard Business Review, News & Insights

Executive Summary and Main Points Key innovations identified in this educational technology review include the adoption and enhancement of Microsoft Azure Cosmos DB in managing large-scale data pipelines for educational institutions. There have been significant...

EdTech Insight – Singapore pushes for green data centers as growing AI demand strains energy resources

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

Executive Summary and Main Points The burgeoning AI sector has considerably increased the demand for data centers, leading to significant energy consumption challenges. Singapore has launched an ambitious green data center roadmap to combat this issue. The strategy...

EdTech Insight – Human capital for the age of generative AI

by EdTechMate | May 30, 2024 | McKinsey, News & Insights

Executive Summary and Main Points The advent of generative artificial intelligence represents a transformative shift in the workforce, potentially automating roles once thought immune to such change. According to a McKinsey Global Institute report, by 2030 up to 30%...