Company Interview / Teaching the teachers: AI officially enters the classroom

Key Takeaways:

NextEd (ASX:NXD) partners with OpenAI to launch ChatGPT Edu for students Collaboration focused on enhancing student and educator experience through AI applications Enterprise-grade data privacy and regulatory compliance central to the initiative NextEd plans to launch AI literacy courses and drive digital transformation in education

Australian tertiary education provider NextEd (ASX:NXD) has announced a pioneering collaboration with OpenAI to introduce ChatGPT Edu for both domestic and international students in Australia. Mark Kehoe states that this alliance represents the first of its kind within the Australian vocational education sector. The partnership aims to build innovative applications that help prepare students for an evolving workplace increasingly shaped by artificial intelligence.

Kehoe outlines ChatGPT Edu as an enterprise-grade, fully walled solution, operating within NextEd’s own environment to ensure compliance with data privacy and regulatory standards. He highlights that the initiative serves three core objectives: enhancing business operations, supporting educators, and improving the overall student experience. Kehoe sees AI as transformative as the internet, fuelling the launch of AI literacy courses early next year to boost workforce readiness and digital capability.

NextEd, in operation for 20 years and servicing over 10,000 students locally, sees the application of AI technology as a catalyst for its ongoing digital transformation. Backed by a strong financial position with $90 million in cash reserves, Kehoe views the current partnership with OpenAI as an initial phase, with ambitions to develop scalable use cases for AI across its education platforms.