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May 3, 2024, 10:37 p.m.
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Brief news summary

AI is revolutionizing employee training and development through personalized learning experiences, driving efficiency gains and cost reductions. The AI-in-education market, projected to hit $73.7 billion by 2033, showcases its potential. However, recent fluctuations in Chegg's stock highlight the sector's volatility, though their AI-enhanced learning offering, CheggMate, powered by OpenAI's GPT-4, provides students with tailored support. Increasing adoption of AI-powered platforms can lead to substantial savings, improved employee performance, and better retention rates. Notably, AI can also benefit manufacturing by supplying workers with timely data and guidance, boosting efficiency and minimizing downtime. Nonetheless, incorporating real-world examples, providing prompt feedback, and ensuring oversight by subject matter experts are crucial to making AI training relevant, accurate, and reliable.

The use of artificial intelligence (AI) in education is transforming how companies train their employees by offering personalized learning experiences that can improve efficiency and reduce costs. The global AI-in-education market is predicted to reach around $73. 7 billion by 2033, showcasing its potential. Online education company Chegg has invested in AI tools, but experienced a drop in stock, highlighting the volatility of the sector. AI allows for personalized learning by assessing employees' knowledge gaps and teaching directly to fill those gaps, resulting in improved productivity. Chegg launched CheggMate, an AI-enhanced learning service that provides personalized learning pathways and support to students.

Experts believe that the adoption of AI-powered learning platforms by businesses will lead to cost savings, improved employee performance, and retention. AI can also support managers and frontline workers in industries like manufacturing, providing timely data and guidance to complete tasks efficiently. However, experts emphasize the importance of making AI training relevant by incorporating real-world examples and immediate feedback to adult learners. Oversight from subject matter experts is crucial to ensure accuracy in AI-generated content.


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