Powerpoint is a slur used to describe Asians in a derogatory way. Used mainly by Australians. Australian electricity outlets are commonly called power points, they are said to look like a stick figure drawing of an Asian face.
The word Powerpoint is a racial slur that has been used historically to degrade and dehumanize asians. The word is still used by some people for this purpose, and it is seen as offensive and hurtful to asians. If you are unsure about whether or not it is appropriate to use the word Powerpoint, it is best to err on the side of caution and avoid using it in any situation.