The GSV Big 10: Gentlemen, Start Your Engines
Here's your weekly coverage corner for the top 10 stories, insights, and major plays in learning and skilling.
#1 How I Got Here
An encore from Prof G. that is a core read. Higher ed is a luxury good – exclusive, scarce, and expensive. Scott Galloway offers four solutions for reinvigorating higher ed in the U.S. – a Marshall Plan to increase access and decrease costs, increased accountability for university endowments, new tenure grants, and tuition-free certification programs at company universities.
#2 Podcast: Build the right incentives
Must-listen podcast with our friend and hero Cindy Mi interviewed by Reid Hoffman. Our key takeaway? R E S I E L E N C Y. For the best companies and founders, ROE (Return on Education) will equal ROI in the long run.
#3 Opinion: Higher Education Is Headed in the Wrong Direction
There are bigger issues than “wokeness” and political correctness facing US higher education. These include overvaluing STEM at the expense of social sciences and the humanities, the ongoing mental health crisis among America’s youth, and a talent drain due to excess bureaucratization. The fix starts with empowering faculty and students, while moving most staff to the sidelines.
#4 Gap Letter, Volume V, #1: Edtech Enters Its Golden Age
Always thoughtful and insightful, our friend Ryan Craig’s perspective on ChatGPT is especially a must read. Good set of Higher Ed resolutions to boot.
#5 Elite 200 Semifinalists Announced for the 2023 GSV Cup Competition
The Elite 200 are the most promising pre-seed and seed stage companies in the global learning sector. Over 900 companies from more than 69 countries applied for a spot, and now the final 200 will compete for $1 million at the 2023 ASU+GSV Summit – Brave New World.
#6 New Data: Female College Enrollment Drops at Twice the Rate of Male Students
Female students are opting out of college enrollment at more than twice the rate of males between fall 2020 and fall 2022. However, the most stunning stat here is that there was a 7% decline in the amount of white male college students. Young men are officially in crisis…and it’s quickly and quietly becoming one of society’s most serious problems.
#7 Microsoft and OpenAI Working on ChatGPT-Powered Bing in Challenge to Google
Back to Bing, or Back to the Future? Microsoft's efforts to make Bing smarter is a straightforward bet: why search for an answer on Google if Bing simply gives you the answer? If Microsoft’s bet works, the knowledge economy could have a new homepage for the first time in two decades.
#8 Student Loan Forgiveness Could Be Big in 2023: Here’s What to Expect
Student loan forgiveness could be more than just big in 2023: it could be a massive disaster. Only 1.2% of students were making loan payments last year, and that number could head towards 0% if Biden’s loan forgiveness plan remains in legal limbo.
#9 Studying fintech in Hong Kong: How universities are embracing new technologies in the finance sector to offer postgraduate studies that cover AI, Web3 and blockchain
While China’s education policy change eliminated all for-profit tutoring companies, it certainly did not end China's ambitions to become the world leader in higher education. While US universities are investing more in administrators than academics, China is going all in modernizing their curriculum for the coming decades.
#10 Death of the narrator? Apple unveils suite of AI-voiced audiobooks
Apple’s already making everyone’s headphones – next, they might be narrating everyone’s content. While OpenAI and ChatGPT are grabbing headlines, Apple is making its own push by introducing AI narrators to audiobooks. Audiobooks will be a $35 billion industry by 2030, while the Podcast industry is growing at 31% annually. Apple is betting accordingly.