EdTech

OpenAI-Backed Language Tutor Startup Soars to $1 Billion Valuation

12 days ago

A promising startup in the realm of language education, backed by OpenAI, has achieved a remarkable milestone by doubling its valuation to $1 billion. This surge comes as the company expands its suite of AI-driven language learning solutions, gaining traction in an increasingly competitive market.

Byju's Under Scrutiny: New Investigation into Financial Accounting Practices

25 days ago

Byju's, the renowned Indian edtech giant, is facing renewed scrutiny as authorities launch a new investigation into its financial accounting practices. This development comes as no surprise given the company's tumultuous financial landscape and previous challenges regarding its fiscal transparency.

Byju's Founder Allegedly Instructs Ally to Evade Testimony in US Legal Battle

29 days ago

In a shocking revelation emerging from the ongoing legal troubles of Byju's, the Indian edtech giant, it has been reported that its founder, Byju Raveendran, allegedly advised a close business associate to relocate from the United States to avoid being compelled to testify in an impending court case. This dramatic turn of events has raised eyebrows regarding the ethical conduct of Raveendran as the company's financial and operational challenges intensify.

Judge Rules Byju's U.S. Units Unjustly Stripped of Educational App

1 month ago

In a significant legal decision, a judge has ruled that Byju's, the Indian ed-tech giant, unlawfully stripped its U.S. subsidiaries of an educational application that was vital to their operations. This ruling comes after a lengthy dispute between Byju's and a group of investors who claimed they were misled about the value and functionality of the app known as "EdTech," which has been central to Byju's educational offerings in the United States.

Supreme Court Blocks Byju's Settlement, Shifts Focus to Insolvency Proceedings

2 months ago

In a significant turn of events, the Indian Supreme Court has rejected a proposed settlement plan put forth by Byju's, one of the nation's largest edtech companies. This ruling is poised to catalyze a strategic shift in the company's ongoing financial troubles, potentially leading to insolvency proceedings that could reshape its business landscape.

Byju's Legal Troubles: Indian Affiliate Accused of Draining Cash from US Units

2 months ago

In a troubling turn of events, Byju's, the prominent Indian edtech company, is facing serious allegations as its affiliate has been accused of depleting financial resources from its subsidiaries in the United States. This revelation comes as part of a lawsuit filed by Byju's own lenders, who are raising concerns about mismanagement of funds among other financial irregularities.

AI Startups in India Revolutionize English Language Learning

3 months ago

In a bid to transform the landscape of English language education, a new wave of artificial intelligence (AI) startups is emerging across India. This technology-driven initiative seeks to provide learners with innovative tools designed to enhance their language acquisition and communication skills effectively. With a focus on personalized learning experiences and engagement, these startups aim to cater to the vast market of English learners in India and beyond.

SK Hynix Shares Surge as it Begins Advanced AI Chip Production

3 months ago

Shares of South Korean semiconductor manufacturer SK Hynix Inc. surged after the company announced it had started producing state-of-the-art artificial intelligence chips. The stock gained as much as 8.3% in Seoul on the latest news on September 26, among its largest intraday gain in six months, reflecting investor sentiment over the company's foray into the AI technology space.

OpenAI Hires Former Coursera Executive to Revolutionize AI in Classrooms

3 months ago

In what may sweep the landscape of education is, OpenAI is hiring now the former Coursera executive who is going to be the main person fighting for AI to be integrated into the classroom. The main focus of the aforementioned decision is the development of various advanced AI tools in educational settings that will result in better learning experiences for both students and educators.