Here’s how ed-tech company 2U spiraled from $5 billion to going concern
When 2U went public a decade ago, the company was out to prove it could make a splash in the notoriously difficult $550 billion U.S. higher education market. For a while, it was on to something. The stock price ballooned from $13 at 2U’s 2014 IPO to a high of $98.58 four years later as demand increased for the company’s online education offerings. At its peak, 2U had a market cap of more than $5 billion and growth rates comparable to high-flying cloud software companies. Revenue climbed 44% i...
Here’s how ed-tech company 2U spiraled from $5 billion to going concern
When 2U went public a decade ago, the company was out to prove it could make a splash in the notoriously difficult $550 billion U.S. higher education market. For a while, it was on to something. The stock price ballooned from $13 at 2U’s 2014 IPO to a high of $98.58 four years later as demand increased for the company’s online education offerings. At its peak, 2U had a market cap of more than $5 billion and growth rates comparable to high-flying cloud software companies. Revenue climbed 44% i...
Hiring 'leak'! Apple wants to develop big AI models that run on cell phones, not in the cloud.
In the tide of artificial intelligence, AI, has become a keyword that every tech company opens its mouth. But people found that it seems that Apple is an exception. Apple Q2 (third quarter of fiscal year 2023) earnings call last week, Apple still maintains "restraint" on AI. But the surface of the restraint can not stop Apple's demand for AI talent, perhaps Apple has long since begun to expand its talent pool, to start research and development of cell phones running AI big model. On Augu...
Hiring 'leak'! Apple wants to develop big AI models that run on cell phones, not in the cloud.
In the tide of artificial intelligence, AI, has become a keyword that every tech company opens its mouth. But people found that it seems that Apple is an exception. Apple Q2 (third quarter of fiscal year 2023) earnings call last week, Apple still maintains "restraint" on AI. But the surface of the restraint can not stop Apple's demand for AI talent, perhaps Apple has long since begun to expand its talent pool, to start research and development of cell phones running AI big model. On Augu...
Veteran investor: AI has passed the stage of "too cool" and is heading towards "what's the use", and we need to learn from the experience of the Internet.
As the funding machine for AI startups continues to roar, one of the questions we keep hearing is: How big can this company get? Going a layer deeper creates another set of questions: How sticky is this product? Many AI apps see a spike in early acceptance, but once the "novelty" wears off, acceptance plummets. How is this app different from many of its peers? As the barriers to developing new apps fall, competitors are sure to flood the space. Is there enough ROI for new users? Replacing an ...
Veteran investor: AI has passed the stage of "too cool" and is heading towards "what's the use", and we need to learn from the experience of the Internet.
As the funding machine for AI startups continues to roar, one of the questions we keep hearing is: How big can this company get? Going a layer deeper creates another set of questions: How sticky is this product? Many AI apps see a spike in early acceptance, but once the "novelty" wears off, acceptance plummets. How is this app different from many of its peers? As the barriers to developing new apps fall, competitors are sure to flood the space. Is there enough ROI for new users? Replacing an ...
AIGC redefines recruitment, HR is also going to be "subverted" by AI?
In the past few months, the world has been amazed by the power of generative AI, as represented by ChatGPT. Since AlphaGo defeated Lee Sedol in 2016, AI has been silent for a long time, and ChatGPT's emergence is like a bright light that brings the term AI back to the C-position. While AI 1.0 used to train models for specific tasks such as image recognition, sound recognition, and language processing, AI 2.0 is a huge leap forward in that it overcomes the limitations of the former single...
AIGC redefines recruitment, HR is also going to be "subverted" by AI?
In the past few months, the world has been amazed by the power of generative AI, as represented by ChatGPT. Since AlphaGo defeated Lee Sedol in 2016, AI has been silent for a long time, and ChatGPT's emergence is like a bright light that brings the term AI back to the C-position. While AI 1.0 used to train models for specific tasks such as image recognition, sound recognition, and language processing, AI 2.0 is a huge leap forward in that it overcomes the limitations of the former single...
ChatGPT, trapped in the web, wants to break through in the mobile ecosystem
"I'm sure many of us have tried ChatGPT, and I'm sure many of us have tried it and put it aside because it's still largely disconnected from our work at the moment, so we use it and put it down. But I still hope people don't 'get up early and catch a late start,' because this is a paradigm revolution that will bring disruptive change." Recently, Microsoft China Chief Technology Officer Wei Qing, said the above paragraph in a new book reading session. The second h...
ChatGPT, trapped in the web, wants to break through in the mobile ecosystem
"I'm sure many of us have tried ChatGPT, and I'm sure many of us have tried it and put it aside because it's still largely disconnected from our work at the moment, so we use it and put it down. But I still hope people don't 'get up early and catch a late start,' because this is a paradigm revolution that will bring disruptive change." Recently, Microsoft China Chief Technology Officer Wei Qing, said the above paragraph in a new book reading session. The second h...
