The GSV Big 10: What's the "Iceberg Issue" of the Midterms?
Here's your weekly coverage corner for the top 10 stories, insights, and major plays in education and upskilling.
#1 Opinion | Education is the iceberg issue of the midterms
Education is on the ballot. The unions figured out a long time ago that you could control a school board with a minuscule portion of the population's vote. As Virginia and Florida have proven, education has become a key issue – especially for the coveted suburban female voter.
#2 A Coming-Out Party for Generative A.I., Silicon Valley’s New Craze
If software is eating the world, AI is its teeth. Jasper's $125m raise and acquisition of Outwrite, Stability AI’s $101M funding, and OpenAI’s rumored $20 billion valuation all prove that even in a nasty bear market, generative AI is attracting lots of interest and investment.
#3 purpletutor: How can Artificial Intelligence help in creating disruption in the Edtech industry?
AI and education is expected to grow a stunning 45% CAGR between now and 2027. With the explosive growth we're seeing, we're seeing explosive market caps, led by Grammarly at $13 billion. Accelerated learning, personalized learning, and finding time will all be game changers for learning.
#4 Want to Get Ahead? Pick the Right Company
HireEd is a key trend transforming the learning landscape. As corporations deepen their integration into universities, the enterprise is becoming a learning institution in its own right and the “fourth stage” of learning. What are the top three “launchpads of opportunity” in the American Opportunity Index? AT&T, American Express, and Cisco.
#5 China emphasizes education, sci-tech, talent in modernization drive
As Michael Moe discussed in last week’s EIEIO newsletter, the symbol for risk and opportunity is the same in the Chinese language. As the 20th Communist Party Congress wraps up today, China’s education investment is not showing any signs of slowing down. In the last decade, the number of full-time teachers in China increased 26%, compared to just 4% in the U.S.
#6 Biden Administration Launches New Workforce Program For Emerging Technology Jobs
Skills might be the magic pill. Like healthcare before it, education is starting to get the funding required to drive future innovation. A new $30M program funds youth to adult upskilling pathways for jobs in AI and emerging technology. Even if this funding is just a drop in the bucket, it’s encouraging to see the NSF start to get behind education.
#7 What is the 'Intellectual Property' of a College?
We've seen this "movie" before in other content areas: what Netflix did to Hollywood and what Spotify did to record labels. Education is the next pin to drop. While learning might be more complex than streaming the next hit song, the fundamentals are the same. Whoever controls distribution controls the opportunity.
#8 Indian edtech giant Byju’s raises $250 million in fresh funding
Haters will hate. Regardless of noisy headlines, Byju’s is strengthening its balance sheet and its bottom line. 2022-2023 is set to be the company’s best year in terms of revenue, growth, and profitability – not bad for one of the fastest growing edtech companies ever.
#9 Bill and Melinda Gates are chopping funding for reading, writing and the arts to plow $1 billion into math education instead
The Gates Foundation thinks that the gateway to the future is math. You need great counting skills to add up the money that has been poured in to improve math education. There’s nowhere to go but up from being ranked 25th out of 37 OECD countries on the math PISA scores.
#10 The AI-Enhanced School of 2040 with Edtech authors Greg Toppo and Jim Tracy (podcast)
AI is going to transform all jobs as we know it…yada yada yada. But wait. While there is truth to that, new jobs are being created at an even faster pace. Uniquely human traits like “cybercuration” will be pivotal to how we collaborate with machines. Listen to their take on the "3 Cs" framework at the 50 minute mark.