Richard Tong0:37
Yeah, so as you already talked about, AI is going to change every aspect of our life because of the power of automation and the power that a lot of the work that currently considered only human can do now can be in some way enhanced or in some cases even replaced by AI. And we see that AI is going to have similar impact in education, especially because traditionally, if you look at it, education is a very human-centric enterprise. Because you need a lot of interaction, also you need a lot of type of communication that is specific to human knowledge, you need to have really good understanding of the communication, emotions, and other aspects of the student in addition to the knowledge they're trying to acquire. However, there's one thing that the traditional education cannot do is to do what we call personalized education at scale. When we're looking at education, the natural way of education actually is one-on-one because when we are young, we get knowledge, we learn skills from our parents or the people who are around us. It's very interactive and also very personalized. You don't have three kids in the same room trying to learn from mommy or daddy at the same time, because each one of the persons here have different ways of communication, they have different emotional state, and they have different need at any time when they are learning things, especially life skills. But because in the traditional way, when the industrial revolution happened about two centuries ago, I think when started in Prussia, they needed some way to instill knowledge for industry, especially the skills like for military or industry as a worker or as a clerk. You need to have a lot of people who learn these things together and quickly, and that came with the more way of education which is like you have a classroom, a teacher sit in front or stand in front and teach everybody the same thing. But that type of education actually is very inefficient and also unnatural if you think about it. For every kid, even in a 30-student classroom, everybody has different pace, everyone has different aptitude and preferences, and also everyone has different challenges and struggles when they're learning stuff. But the problem with the factory-based model of today's classroom education is that the teacher is at the center of the education space, and the pace is determined by the average but not by individual need, and the interaction is minimal. It's mostly a broadcasting: the teacher is broadcasting knowledge to the student and trying to transfer to them, and the student is doing homework to get feedback later, and that feedback actually is not immediately available to the teacher to enable teaching. So the rich people or the privileged people typically hire tutors, right? That's why you see the aristocrats or the people who are really getting good education typically have a lot of people around them and give them very specific instruction and help. That is not doable with the traditional model in the new world to do personalized education because the cost is prohibitive. You need really good teachers and you have to dedicate their attention to each individual student, but that can be done by AI. So think about this: in the past, an Uber driver used to be that we have to take buses, right? So we go to places, we take bus, we take train because that is the economic way of doing transportation. But as the advance of GPS and also advances now with auto driving and so forth, we see a future where the cost of personalized transportation is getting cheaper and cheaper because so much more is done by automation and by scaling up the whole system. I serve you individually and help you to gain that efficiency through the automation part of it. So when we see in the future where the auto driving is available, we're going to see that cost is going to drop even further so that it's going to approach the cost of bus or trains which are mass transportation. And we see that happening in education as well. The more part of the education can be achieved through automation and through AI diagnosis, AI recommendation, AI feedback, the easier that we're going to achieve the personalized education at scale. So that is going to be the really important advances, and we see that as a paradigm shift in the education world, which is using AI to help each student to achieve their potential by giving them what is optimal at any time in real time, so that they will be like working with a personal tutor all the time. Even though they still need the teachers in the classroom to guide them and also have the emotional type of exchange and having disciplinary type of encouragement or motivational stuff, but I think more and more a lot of these teachers will be more like a head coach and the AI will be like a system coach, where the AI will be doing all the manual works, the tedious work, for example diagnose each question the student is answering and then give specific feedback on each of the student, assign assignment or task. And that will help the future where you can see the efficiency in education are exponentially improved, and then we can achieve a really high quality education at the cost, the similar marginal cost, and actually even cheaper than the traditional classroom teaching. Because once AI is getting the data and knowledge of the teaching and learning aspect, that cost is going to be the cost of electricity, and you can do 10,000 students at the same time, and you can do even more. If you look at like a Khan Academy or Coursera right now, they don't really have that much AI of customized learning, but just by making the content available at a large scale, that already reduces the cost of higher education, especially those educations like with community colleges or universities that doesn't have the top tier professors or instructors.