In a recently published EdSurge article, senior reporter Emily Tate reports that the edtech industry in the U.S. is massive. In 2020, edtech startups and existing companies raised $2.2 billion from investors. Despite the continuing investment of capital in the industry, no one knows what the aggregate industry revenues are.
Last month, the Organisation for Economic Co-operation and Development (OECD) issued a report about the potential impact of artificial intelligence (AI) on education. Authored by Dirk Van Damme, Head of the OECD Centre for Educational Research and Innovation, the report begins by mentioning the collapse of the financial system in 2008, the pandemic, and climate change. It also states that the most disruptive change in the 21st century will be AI.
In his recently published blog article for Inside Higher Ed, University of Texas professor Steven Mintz asks a pivotal question: “Can educational technology ever live up to its promise?”