Week in Edtech 6/12/2024: OpenAI’s ChatGPT Edu, Google AI Overviews Visibility Drops, PowerSchool's Acquisition by Bain Capital, Alibaba Invests $27M in Education Start-Up, Apple Intelligence, Doowii's $4.1M Funding and More! Feat., Paul Gollash of ETS
Jun 18, 2024
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Join the discussion with Paul Gollash of ETS as they dive into the latest EdTech trends: OpenAI introduces ChatGPT Edu, Google AI Overviews visibility drops, Apple's WWDC 2024 announcements, PowerSchool's acquisition by Bain Capital, Alibaba's $27M investment in an AI education startup, Doowii's $4.1M funding, and more!
OpenAI introduces ChatGPT Edu for universities, Google AI Overviews visibility drops significantly, Alibaba invests $27M in an AI-powered education start-up, Doowii secures $4.1M for AI-driven data analytics in education
Deep dives
Focusing on Education Technology Landscape and Highlights
The season of EdTech Insiders delves into the global education technology industry, featuring educators, founders, investors, thought leaders, and industry experts shaping the sector. Weekly updates on EdTech, covering core technologies like artificial intelligence and extended reality influence the industry. In -depth interviews and insights from EdTech thought leaders and conferences worldwide add depth to the discussions.
Upcoming EdTech Events and Collaboration
Exciting EdTech events on the horizon include EdTech Night at a baseball game and the ISTE arcade night, merging video games and education technology. The collaboration between Workshop and EdTech Insiders promises engaging experiences for EdTech enthusiasts. Sponsors, like Tuck Advisors, support these events, creating a vibrant community.
Key Developments in EdTech Business and Private Equity
The Bain acquisition of Power School, a prominent player in student information systems and education, signals a shift in the EdTech sector. With Bain's strategic private equity move, impacting market evaluations and influences, new players in EdTech investment are emerging, leveraging significant influence.
Challenges in EdTech Investment and Valuations
The reevaluation of stakes in EdTech companies by major firms like BlackRock and Vista Equity reflects the volatile nature of the sector. BlackRock's write -down of its stake in Bajus and Vista Equity's valuation of Pluralsight raise questions on company viability and investor confidence amidst shifting valuations.
Chinese AI Investment in Education and Global Implications
Alibaba's investment in AI -powered education via Jingzhengxue demonstrates China's focus on AI education solutions. This move aligns with a broader trend of global tech giants innovating in the AI education space. With potential for AI -driven personalized learning, this investment may shape the future landscape of education technology.
Collaborative Initiatives in Education Technology
Collaborations like the merger between Arizona State University and the University of Tennessee highlight innovative partnerships in higher education. The Mastery Transcript Consortium's role in transforming the assessment landscape sheds light on redefining skill evaluation for future success in learning and work environments.
Revolutionizing Teacher Education and Assessments
The evolution of Praxis exams and educator assessments reflects the changing landscape of teacher preparation. ETS's focus on redesigning assessments to include a broader range of skills essential for effective teaching signals a shift towards holistic teacher evaluations. Enhancing AI literacy for teachers and leveraging AI for internal data analysis are key priorities in advancing education technology at ETS.
Integration of AI for Quality and Scalability
ETS's embrace of AI technologies for scalable and quality education assessments represents a significant shift towards innovative measurement methodologies. The future of assessments, driven by AI advancements, promises enhanced data accuracy and user experiences. ETS's strategic focus on AI heralds a transformative era in educational measurement and evaluation.
Join Alex Sarlin and Ben Kornell as they explore the most critical developments in the world of education technology this week:
🎓 OpenAI introduces ChatGPT Edu for universities 🔍 Google AI Overviews visibility drops significantly 🌐 Google’s NotebookLM goes global with enhanced features 📱 Apple’s major announcements at WWDC 2024: Apple Intelligence, Siri makeover and more 💼 Bain Capital to acquire PowerSchool in a $5.6B deal 🇨🇳 Alibaba invests $27M in an AI-powered education start-up 📉 BlackRock slashes Byju’s valuation to zero 💡 Imagine Learning acquires AI-powered CueThink 🤝 University of Tennessee and ASU’s $11.5M collaboration 📊 Doowii secures $4.1M for AI-driven data analytics in education
Plus special guest, Paul Gollash, Senior Vice President of K-16 at ETS
Upcoming Event: AI Arcade Nightat ISTE When: Monday June 24 from 5 PM - 8 PM Where: 1Up Arcade Bar 1925 Blake St. Denver CO 90202 Register Here
Don’t forget to subscribe to Edtech Insiders for more updates and insights from the forefront of educational technology!
This season of Edtech Insiders is brought to you by Starbridge. Every year, K-12 districts and higher ed institutions spend over half a trillion dollars—but most sales teams miss the signals. Starbridge tracks early signs like board minutes, budget drafts, and strategic plans, then helps you turn them into personalized outreach—fast. Win the deal before it hits the RFP stage. That’s how top edtech teams stay ahead.
This season of Edtech Insiders is once again brought to you by Tuck Advisors, the M&A firm for EdTech companies. Run by serial entrepreneurs with over 25 years of experience founding, investing in, and selling companies, Tuck believes you deserve M&A advisors who work as hard as you do.
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