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Edtech

All articles tagged with #edtech

technology8 hours ago•11 min saved

Gen Z grows wary of AI as learning worries rise, Gallup finds

Gallup’s survey with the Walton Family Foundation and GSV Ventures finds Gen Z’s sentiment toward artificial intelligence growing more negative: 31% feel angry toward AI that speeds up tasks (up from last year) and only 22% feel excited (down from 36%). Among K-12, 74% say AI likely to make learning harder, a view shared by 83% of Gen Z adults. AI adoption is slowing (51% use it weekly), while 52% say knowing how to use AI will be needed in college. The report notes rising concerns about AI’s impact on work and education as colleges, OpenAI and Google expand AI tools.

via Higher Ed Dive|

#artificial-intelligence #edtech #gallup

world16 days ago•4 min saved

Melania Trump Leads Global EdTech Coalition at Inaugural Summit

First Lady Melania Trump launches Fostering the Future Together, a global coalition of 45 nations and major tech firms to expand children’s access to technology and education, focusing on EdTech tools, AI in education, online safety, and digital literacy; the two-day summit at the State Department and White House gathers world leaders and industry partners to advance public-private collaborations and regional initiatives.

via The White House (.gov)|

#ai-in-education #digital-safety #edtech

crime-and-justice1 month ago•212 min saved

LAUSD Chief Put on Paid Leave as FBI Probes District and EdTech Deal

Los Angeles Unified School District Superintendent Alberto Carvalho was placed on paid leave as federal authorities investigate the district, with the FBI executing search warrants at his home and at district headquarters. Interim operations chief Andres Chait will run the district while Carvalho is away. The probe reportedly centers on a 2024 deal with AllHere, an education-technology company tied to an AI chatbot project LAUSD paid about $3 million for before ending the contract; AllHere’s founder has been indicted, and a Florida property linked to the case was searched. Carvalho has said he had no personal involvement in selecting AllHere, and LAUSD says it is cooperating with investigators.

via CNN|

#alberto-carvalho #allhere #crime-and-justice

business2 months ago•3 min saved

Pearson and Deloitte Launch AI-Driven Learning Alliance for Global Workforces.

Pearson and Deloitte announced a strategic alliance to co-develop and deliver AI-powered learning, leadership and workforce development solutions for global enterprises and government, including AI-enabled skills platforms and scalable content delivery; Deloitte will accelerate AI adoption across its portfolio and deploy Pearson’s AI-powered learning products in-house.

via Deloitte|

#ai #business #edtech

business1 year ago•5 min saved

Byju's Faces Insolvency After NCLT Ruling on BCCI Plea

An Indian tribunal court has initiated insolvency proceedings against Byju’s, once valued at $22 billion, following a petition from the Board of Control for Cricket in India (BCCI) to recover nearly $19 million. The ruling appoints an interim resolution professional to manage the company, sidelining its founder. Byju’s, which has faced multiple crises over the past two years, plans to appeal the decision and seek an amicable settlement with BCCI.

via TechCrunch|

#bcci #business #byjus

businesstech2 years ago•1 min saved

"Spotify Expands into EdTech with Video Learning Courses"

Spotify is making a foray into edtech, while stocks globally are declining and crypto is seeing gains. In Startup Land, Stability AI's CEO has exited amid discussions about the company's revenue growth and burn rate. U.S.-based tech companies are under scrutiny in the EU due to the new Digital Markets Act. Additionally, China is making moves in tech with the Vision Pro and efforts to replace Intel and AMD chips in state computers, while beverage startups are competing against industry giants for market share.

via TechCrunch|

#businesstech #edtech #eu-regulations

businessfinance2 years ago•1 min saved

Byju's Struggles: Unraveling the Mystery of $533 Million Funds

Camshaft Capital revealed in court filings that $533 million it managed for Byju’s Alpha was transferred to a U.S.-based subsidiary of Byju’s, refuting allegations of fund siphoning. Byju’s stated that the disclosure aligns with its position as the beneficiary holder of the capital, emphasizing that the Credit Agreement with lenders did not mandate specific fund usage. Byju’s is embroiled in legal battles with shareholders and employees, with some investors attempting to revoke a rights issue and prevent salary payments to over 20,000 employees.

via TechCrunch|

#businessfinance #byjus #camshaft-capital

business-education2 years ago•4 min saved

Byju's Valuation Plunge: What Led to the Startup's Downfall?

Byju's, once India's most valuable startup, has seen its valuation plummet by 95% to $1 billion after alleged accounting irregularities and mismanagement, leading to setbacks such as investor stake cuts and ousting of founder Byju Raveendran as CEO. The company, which experienced exponential growth during the pandemic, faced a slowdown in online learning post-pandemic, resulting in layoffs and governance issues. Byju's struggled to repay a $1.2 billion loan, filed for Chapter 11 bankruptcy, and is raising funds to clear immediate liabilities and operational costs.

via CNBC|

#business-education #byjus #edtech

business2 years ago•2 min saved

"Byju's CEO Ousted by Shareholders in Controversial Vote"

Byju Raveendran, founder of Byju’s, asserts he remains the CEO despite a shareholder group's vote to remove him, citing violations of local rules. The group, including Prosus Ventures and Peak XV Ventures, seeks governance changes and a leadership shift. Raveendran claims the meeting lacked quorum and majority support, and the startup, in need of funding, launched a rights issue. He believes the company's comeback is inevitable and accuses minority shareholders of spreading misinformation.

via TechCrunch|

#business #byjus #ceo

business2 years ago•3 min saved

"Byju's Investors Successfully Oust CEO Raveendran in Contentious Vote"

A group of Byju’s investors, including Prosus Ventures and Peak XV Partners, voted to remove founder and CEO Byju Raveendran and filed an oppression and management suit against the leadership to block a recently launched rights issue. The decision comes after more than a year of unrest among some of Byju’s largest investors, who assert that the $22 billion Indian edtech startup has played fast and loose with accountability. Byju’s has been facing challenges in its fundraising efforts and has been forced to abandon its plan for an IPO.

via TechCrunch|

#business #byjus #edtech

business2 years ago•1 min saved

"Byju's CEO's Emotional Letter: Moving Mountains to Resolve Payroll Crisis"

Byju's CEO Raveendran announced the successful disbursement of pending January salaries to employees, addressing previous reports of delayed payments due to a liquidity crisis. He attributed the delay to an "artificially induced crisis by select investors" and emphasized the company's resilience in the face of external pressures. Raveendran also highlighted the emotional toll of the challenges faced, including personal struggles and the impact on his father, while reiterating the company's commitment to overcoming the obstacles.

via Greatandhra|

#business #byjus #ceo

business-technology2 years ago•2 min saved

Investors Demand Byju Raveendran's Ouster from Byju's

Byju's and its investors are publicly clashing over leadership changes, with the company stating that investors do not have the right to seek the removal of founder Byju Raveendran. The company is proceeding with a $200 million rights issue and has received support from multiple investors, while blaming investors for causing a crisis and seeking leadership changes. Investors, including Prosus and General Atlantic, are calling for governance and leadership changes, marking the third time they have sought an extraordinary general meeting. Byju's, once valued at $22 billion, has reset its valuation to $25 million in the rights issue, and the company emphasizes the criticality of the rights issue for its survival.

via TechCrunch|

#business-technology #byjus #edtech

businessfinance2 years ago•2 min saved

"Byju's Faces Financial Struggles: Cuts Valuation, Launches Rights Issue, and Reports Record Losses"

Byju's, the world's most valuable edtech startup, has launched a rights issue to raise $200 million, cutting its valuation ask by 99% in an effort to address its working capital needs. The post-money valuation of the startup is expected to drop to $220-250 million, a significant decrease from its previous $22 billion valuation. Byju's founder Byju Raveendran has appealed to shareholders for support, citing personal sacrifices made for the company. The startup's struggles to raise capital come amid a severe funding crunch, with its IPO plans put on hold due to market conditions.

via TechCrunch|

#businessfinance #byjus #edtech

financeinvestment2 years ago•1 min saved

"Byju's Rights Issue Raises $200 Million at $225 Million Valuation Amid Cash Crunch"

Byju's plans to raise $200 million through a rights issue at a valuation of about $220–230 million, a significant drop from its once $22-billion worth. The funds will be used to clear immediate liabilities and meet operational requirements, with founder Byju Raveendran emphasizing the importance of raising capital to prevent further value impairment. This move comes as the edtech company aims to navigate legal and financial challenges and achieve operational profitability, marking a significant shift from its unicorn status to stay afloat in a tough funding environment.

via NDTV Profit|

#byjus #edtech #financeinvestment

educationtech2 years ago•3 min saved

"Clayful Raises $7M to Connect Students with Mental Health Experts in 60 Seconds"

Clayful, a startup focused on providing mental health support to students, has raised $7 million in funding. The platform connects students aged eight to 18 with mental health experts within 60 seconds through instant messaging technology. Clayful aims to address the shortage of school counselors and ensure every student has access to support. The startup has already partnered with over 50 schools and offers its services for free to students. The funding will be used to expand the team and reach more schools and students.

via TechCrunch|

#edtech #educationtech #funding