China Sees Surge of Edtech Investments With Focus on Artificial Intelligence – Karma

Chinas push to become a world tech power, which has paid off with advances in telecommunications, batteries and robots, is yielding further results its taken a leadership position in A.I. powered education investments.

The country is among the most-active regions for artificial intelligence-powered edtech investments, with K-12 classes, foreign language study and high-quality education getting the most attention, according to a Deloitte report released this week. Almost 20% of all education deals in the country last year involved AI compared with 4% in 2016, Deloitte said.

Although China is a late-comer in AI-based education, its unique advantages in application and implementation make it one of the most popular regions for investment in AI-based education globally, the report said.

The report singled out what it sees as the next big opportunity in edtech: so-called soft skill-focused quality education, similar to the wests STEAM model, which adds art to the original emphasis on science, technology, engineering and math. The segment has developed with state support, the report said.

AI-based quality education is becoming the blue ocean for investment, the report said.

Globally, the U.S. and China are the two hotspots of edtech investments. More than 95% of AI edtech investments from 2016 through the first quarter of this year were in the two countries, according to the report. Chinese companies scored $63.2 billion in 170 deals, compared with $154.2 billion in 54 U.S. investments.

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China Sees Surge of Edtech Investments With Focus on Artificial Intelligence - Karma

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