PYMNTS.com May 3, 2024
Artificial intelligence (AI) is changing how companies train and upskill their employees, offering personalized learning experiences that can reduce costs and improve efficiency.
The global AI-in-education market is expected to grow from $3.6 billion in 2023 to around $73.7 billion by 2033, according to a report from Market.US. Despite the impressive forecast, online education company Chegg, which has invested in AI tools, recently saw a drop in stock, something that highlights the volatility of the sector.
“Generative AI can provide a level of personalization in learning that is nearly impossible to achieve without this advanced technology,” Ryan Lufkin, global vice president of strategy at the education technology company Instructure, told PYMNTS. “This means we can quickly assess what...
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