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One of the World’s Best-Funded Edtech Companies Is Investing In AI Moonshots. Can It Work?

Edsurge

This month the company made clear its ambitious research agenda: to achieve the science-fiction dream of building next-generation teaching aids with artificial intelligence. We’ve not had an edtech company that has the scale and the size that Byju’s has that has said, ‘We are going to solve these problems.’” Education has neither.”

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A Technologist Spent Years Building an AI Chatbot Tutor. He Decided It Can’t Be Done.

Edsurge

He says his team spent about five years trying, and along the way they helped build some small-scale attempts into learning products, such as a pilot chatbot assistant that was part of a Pearson online psychology courseware system in 2018. The assets of Knewton were quietly sold off a few years later.) They’re tools.

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Who is the Theranos of Education?

Edsurge

Over the last few months, biotech company Theranos has re-entered the conversation due to a slew of newsworthy happenings—the Elizabeth Holmes trial finally came to an end with four of 11 charges of fraud, and Hulu announced The Dropout’s debut while Apple Original Films’s Bad Blood is currently in production. Money came flowing.

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Knewton Was Acquired For Less Than $17M, and Former CEO Brian Kibby Has Left

Edsurge

When Wiley announced back in May that it had acquired Knewton, both companies kept mum on how much the deal was worth. In its most recent earnings report , which covers the three months ended July 31, 2019, Wiley disclosed that it had “spent $73 million in total on acquisitions in the quarter, including zyBooks and Knewton.”

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Hitting Reset, Knewton Tries New Strategy: Competing With Textbook Publishers

Edsurge

Knewton drew heaps of hype and investment by promising to provide artificial-intelligence technology to major textbook companies to make their content more adaptive. Now the company has pivoted, and it is poised to formally announce its own online courseware that will compete head-to-head with those publishing giants.

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Pearson, an Investor in Knewton, Is ‘Phasing Out’ Partnership on Adaptive Products

Edsurge

Throughout the past decade, Knewton ’s adaptive learning technology has been backed by some of the biggest names in the both the publishing and venture capital community. Pearson will no longer use Knewton’s adaptive learning engine for some of its digital offerings.

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Amid Struggles, Knewton Names Former Pearson Exec as New CEO

Edsurge

Knewton pioneered adaptive-learning technology and amassed more than $157 million in venture capital, but lately the company has weathered through the loss of publishing partners and the departure of its outspoken founder. I said, if it’s Knewton, I’m very interested, but if it’s not Knewton, I’m not.”

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