Edtech Asia News & Trends #3
South Korea surpassed $20B for private education, Khan Academy launches Khanmigo, an AI bot powered by GPT-4, and China tightens its grip on data, tech, and finance.
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TL;DR
Khan Academy launched Khanmigo, an AI bot powered by GPT-4
South Koreans surpassed 26Trillion Won ($20B) for private education
China tightens its grip on data, tech, and finance to slowing economy
Pivot secures $1.4M
What does ‘tech for good’ means in Southeast Asia? - WEF report
Metaverse is worth $102 Billion in 2031 in the education market
📰 GENERAL NEWS
Khan Academy announced GPT-4 powered learning! Sal Khan himself demonstrated how to use this AI chatbot, Khanmigo in public. Watch how it works. 🇮🇳 🇺🇸
South Korea surpassed 26 Trillion won ($20B) for private education in 2022. With the average monthly expenditure on private education surged by 11.8% reaching 410,000 won ($300) per student. Read the full story. 🇰🇷
Duolingo bets big on India! Indians started to learn Korean, Valyrian, and French which makes India the 5th largest market by DAUs. 🇮🇳
Nexus International School 🇸🇬, Branksome Hall Asia 🇰🇷, Jerudong International School 🇧🇳, and Dulwich Beijing 🇨🇳 are 4 schools in Asia that provide early years experience to build fundamental skills and knowledge for children in Nursery and Kindergarten. Nexus has its Early Years Learning Hub where they expose kids to indoor and outdoor spaces designed for these little ones. Branksome Hall Asia used a play-based approach to education. Continue reading the other 2 schools’ approaches.
Due to the rise of AI, data is becoming the new currency. China’s new power structure tightens its grip on data, tech, and finance. Beijing reveals its plans for stronger control over data and tech development. The reforms are designed to further concentrate power in Xi’s hands as he celebrates his 3rd term of presidency. Read the full story.🇨🇳
A talent shortage of IT professionals is happening in the Asia Pacific! It takes 3-4 months longer to fill tech roles. Read more 🇵🇭
The future of education in Southeast Asia is addressed by these few companies across the region. From K-12 to Hire ed/workforce development. Learn about these 7 Asia-based edtech startups.
🧧 FUNDINGS
Pivot secures $1.4M. This Melbourne-based ed-tech startup provides resources for goal-setting and development tools to help teachers implement feedback. There are more than 50k teachers and 1,5k schools that are using Pivot across Australia, New Zealand, and Southeast Asia. 🇦🇺
📚 RESOURCES
What does ‘tech for good’ means in Southeast Asia? TFGI ran a flash poll with 212 respondents and only 46% strongly agreed and agreed that tech and the digital economy have delivered their promise. While 37% remained neutral. Continue reading this WEF report
Metaverse in Education Market Worth USD 102.57 Billion to 2031. Top players are covered in this study. 🌍
Why AI Will Lead to Thousands of Billionaires? Listen to this podcast with Amjad Masad, the Founder and CEO of Replit 🌍
Thank you for reading! If you find something useful that isn’t here, feel free to send it over so I can add it in the next post.
Until the next issue,