The Key Weapon for the Survival of Indian Edtech Companies

Description

ChatGPT has posed a major challenge to edtech firms, compelling stakeholders to either leverage its capabilities or risk being left behind. Last month, US-based edtech company Chegg reported in a trading update that its business has been negatively impacted by the growing use of generative AI. Although the first-quarter results were relatively stable, the effects have become more pronounced over the past two months.

While some edtech platforms dismissed the potential of ChatGPT and faced near failure, others, like Khan Academy, recognized its value early on and adopted it. For example, in March, Khan Academy introduced Khanmigo, a virtual tutor and learning guide powered by GPT-4.Read More-https://voiceofentrepreneur.life/