Byju’s, the leading edtech startup, has introduced AI-based learning models as part of its strategy to enhance user outcomes and improve cost efficiency. The company aims to attract more students and optimise expenses amidst ongoing conflicts with lenders and the need for additional funding.
Byju’s WIZ includes the newly released AI models Badri, MathGPT, and TeacherGPT. Badri is a predictive AI knowledge-tracing model, MathGPT solves complicated arithmetic problems using machine learning methods, and TeacherGPT provides personalised advice and scores student responses. These models, which are said to be 90 per cent accurate, are already being used in Byju’s K-12 curriculum at its Tuition Centres.
Byju intends to use AI and other technologies across multiple verticals, including test preparation and upskilling. According to the corporation, AI will have the greatest influence on its test preparation segment.
While the funding details were not released, Byju’s co-founder Divya Gokulnath noted that ChatGPT was used to build a significant portion of the models, resulting in low overall expenditures, including licence expenses. Byju’s tech team spent a great amount of effort developing these models.
In addition to improving the learning experience, Byju’s wants to leverage these AI platforms to improve the tutors’ teaching abilities. AI-powered content audits will increase efficiency, allowing the organisation to save money.
Byju’s announcement of the AI model launch coincides with the company’s continuing legal battle with lenders, whom it has accused of predatory behaviour after failing to make a $40 million interest payment. Byju’s has been actively seeking money to alleviate its liquidity crisis, and it is in discussions with Middle Eastern sovereign funds about a potential $700 million investment.
Despite recent difficulties, Byju’s is well-capitalised, having raised more than $5 billion in fundraising over the last decade. However, the corporation has come under fire for accounting issues, suspected course mis-selling, and layoffs. In April, the Enforcement Directorate (ED) searched Byju’s offices in accordance with the terms of the Foreign Exchange Management Act (FEMA).
As Byju’s works to overcome its financial issues, the implementation of AI models marks a strategic effort to increase operational efficiency and student outcomes while seeking long-term stability.