AI in EdTech: Keeping Pace with Our Robotic Counterparts

Nvidia just rolled out Project GROOT, and no, it's not the latest addition to your superhero collectibles. This GROOT is designed to school humanoid robots. Picture a classroom where metal beings are mastering natural speech and human gestures—it’s like kindergarten for our future robotic companions. I’m afraid to imagine what will the curriculum at Mech University include?

Shifting focus from our potential AI progeny back to our present human scholars, the current state of EdTech is pretty promising. The global market stood at about USD 142 billion in 2023 and, riding a 13.6% CAGR wave, is projected to swell to around USD 340 billion by 2030.

Not to be outdone, the global AI market was valued at a robust 515 billion in 2023 and is expected to skyrocket to an astounding 2025 billion by the end of this decade. That’s some serious growth we’re talking about!

OK. What’s education’s stake in the AI gold rush? I dove into several reports and discovered that the global AI share in the education sector reached USD 3.68 billion in 2023. If you dare to compare these numbers with the leaders in AI investments, you'll see that the banking sector forked out 13.4%, retail chalked up 12.8%, and professional services contributed 10.4%, leading the charge in funneling funds into AI. Meanwhile, the education sector appears to be lacing up its running shoes to play catch-up.

These figures are a wake-up call. Are the investments in education and AI for education adequate to prepare humanity for the challenges ahead? What do you think?

Picture source: TechoVedas