Global EdTech Funding 2021 – Half Year Update — from holoniq.com
A record half year in EdTech funding with 568 rounds raising $10B of investment as, ready or not, the world turns to technology to support learning and education delivery.
Reimagining Online Culture: Project-Based Learning, Inclusion, and Reach in Online Education — from er.educause.edu by Christian Schneider
The pandemic created a unique opportunity for educators to rethink their approach to online learning and explore how this educational environment can expand access while increasing and building on diversity.
Excerpt:
The move to online education during the pandemic has been one of the greatest experiments ever conducted. It was initially met with reluctance and fatigue, but once we moved beyond the attempts to replicate what we do in real life, it brought to light important innovations.
We cut out constraints, categorizations, and biases while concentrating on our faces, voices, and work, and we extended the reach of geographical, cultural, and social access.
During the pandemic, however, when most students were in their home countries, they seemed to be more comfortable as their authentic selves, working on projects that related to their local environments.
…
Teaching online can not only make education available to more people around the globe but also open a space where students can share “a piece of themselves,” where different perspectives can interact, where we can learn from each other and our local environments and opportunities. This creates an enormous opportunity for equity and inclusion.
109 New University Partnerships with OPMs, Bootcamps and Pathways in Q1 2021 — from holoniq.com
Universities around the world are accelerating their adoption of Academic Public-Private Partnerships.
Excerpt:
Based on the rate of partnership growth in Q1, 2021 may deliver over 400 new academic partnerships if growth continues at the same rate.
Other key points:
- The US led the development and growth of the OPM model, now we are seeing an acceleration in adoption of OPM partnerships in international markets across Australia, Asia and Europe
- Bootcamp Partnerships are powering Universities with immersive, short-format programs in technology and new domains in business. Expert curriculum, deep industry relationships and hiring pathways are driving very fast growth in campus-based and online programs.
- We expect the Global OPX Market to grow at 19% CAGR, reaching $13.3B by 2025.
A couple of items from the May 2021 Inavate edition:
A very sharp learning space right here!
DC: While I think this is really sharp for large events that are held every so often (like large concerts or 4th of July events in the U.S.), I don’t want to walk out my front door to see that the skies have become billboards.https://t.co/zv80dO6F5T pic.twitter.com/wVFb7nK2F3
— Daniel Christian (he/him/his) (@dchristian5) May 5, 2021
Artificial intelligence and the future of national security — from news.asu.edu
Excerpt:
Artificial intelligence is a “world-altering” technology that represents “the most powerful tools in generations for expanding knowledge, increasing prosperity and enriching the human experience” and will be a source of enormous power for the companies and countries that harness them, according to the recently released Final Report of the National Security Commission on Artificial Intelligence.
This is not hyperbole or a fantastical version of AI’s potential impact. This is the assessment of a group of leading technologists and national security professionals charged with offering recommendations to Congress on how to ensure American leadership in AI for national security and defense. Concerningly, the group concluded that the U.S. is not currently prepared to defend American interests or compete in the era of AI.
Also see:
EU Set to Ban Surveillance, Start Fines Under New AI Rules — from bloomberg.com by Natalia Drozdiak
Excerpt:
The European Union is poised to ban artificial intelligence systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of global revenue if they fail to comply with new rules governing the software applications.
Also see:
Wrongfully arrested man sues Detroit police over false facial recognition match — from washingtonpost.com by Drew Harwell
The case could fuel criticism of police investigators’ use of a controversial technology that has been shown to perform worse on people of color
Excerpts:
A Michigan man has sued Detroit police after he was wrongfully arrested and falsely identified as a shoplifting suspect by the department’s facial recognition software in one of the first lawsuits of its kind to call into question the controversial technology’s risk of throwing innocent people in jail.
Robert Williams, a 43-year-old father in the Detroit suburb of Farmington Hills, was arrested last year on charges he’d taken watches from a Shinola store after police investigators used a facial recognition search of the store’s surveillance-camera footage that identified him as the thief.
Prosecutors dropped the case less than two weeks later, arguing that officers had relied on insufficient evidence. Police Chief James Craig later apologized for what he called “shoddy” investigative work. Williams, who said he had been driving home from work when the 2018 theft had occurred, was interrogated by detectives and held in custody for 30 hours before his release.
Williams’s attorneys did not make him available for comment Tuesday. But Williams wrote in The Washington Post last year that the episode had left him deeply shaken, in part because his young daughters had watched him get handcuffed in his driveway and put into a police car after returning home from work.
“How does one explain to two little girls that a computer got it wrong, but the police listened to it anyway?” he wrote. “As any other black man would be, I had to consider what could happen if I asked too many questions or displayed my anger openly — even though I knew I had done nothing wrong.”
Addendum on 4/20/21:
- Aiming for truth, fairness, and equity in your company’s use of AI — from ftc.gov by Elisa Jillson
Coursera’s IPO Filing Shows Growing Revenue and Loss During a Pandemic — from edsurge.com by Tony Wan
Excerpt:
Coursera reported $293.5 million in revenue in 2020, marking a 59 percent increase from the previous year. That comes from over 77 million registered learners, along with more than 2,000 businesses (including 25 percent of Fortune 500 companies) and 100 government agencies that paid for its enterprise offerings. More than half (51 percent) of its revenue came from outside the U.S.
…
Despite recording a revenue jump in 2020, Coursera posted a net loss of $66.8 million, up 43 percent from the previous year.
“We have experienced a significant increase in our operating costs associated with our services, primarily driven by our freemium offerings and marketing efforts” during the pandemic, the filing stated.