WEBVTT - Could AI unlock truly personalised education? 0:00:00.280 --> 0:00:02.520 This week on the Business of Tech powered by two 0:00:02.560 --> 0:00:06.600 Degrees Business. Our education tech companies are going gangbusters, but 0:00:06.680 --> 0:00:10.520 as artificial intelligence a massive disrupted coming for them, or 0:00:10.640 --> 0:00:14.120 the technology that will make them even more successful and valuable. 0:00:14.440 --> 0:00:17.720 We talked to CAMI co founder Henji Wang following a 0:00:17.720 --> 0:00:20.600 major new investment in the company that values it at 0:00:20.680 --> 0:00:25.360 three hundred million dollars, flush with cash and already forty 0:00:25.440 --> 0:00:29.400 million students and teachers using its online tools. How will 0:00:29.440 --> 0:00:34.600 AI factor into the future of education and Cami's business. 0:00:35.200 --> 0:00:38.720 We are certainly at the tip of the iceberg, if 0:00:38.760 --> 0:00:42.839 you will around what's possible in this technology. There's a 0:00:42.880 --> 0:00:45.440 lot more that you can do to purposefully take AI, 0:00:45.600 --> 0:00:50.839 take genitor of AI, make curriculum more accommodating to the students' needs. 0:00:51.360 --> 0:00:52.920 I think that's the dream, is to be able to 0:00:52.960 --> 0:00:56.120 personalize it for every single student. But doing our way 0:00:56.160 --> 0:00:57.000 that is purposeful. 0:00:57.240 --> 0:00:59.319 Now. This is the first in a series we are 0:00:59.320 --> 0:01:02.600 doing on how AI is impacting various industries and the 0:01:02.600 --> 0:01:07.360 opportunities for Kiwi businesses and entrepreneurs that AI represents. We'll 0:01:07.360 --> 0:01:11.520 be looking at healthcare and manufacturing in upcoming episodes. But 0:01:11.920 --> 0:01:15.040 given Ben's a former school teacher. We wanted to start 0:01:15.120 --> 0:01:16.319 somewhere close to his heart. 0:01:16.600 --> 0:01:16.839 Yeah. 0:01:16.880 --> 0:01:19.800 I love education and I really enjoy talking to Henji 0:01:19.800 --> 0:01:22.560 from CAMI about where it's going, and so my interview 0:01:22.600 --> 0:01:24.360 with him will be coming up shortly. 0:01:24.560 --> 0:01:27.319 First, let's take a look at the big dump of 0:01:27.440 --> 0:01:30.840 product related news out of Apple this week, with the 0:01:30.920 --> 0:01:36.000 launch of the iPhone sixteen lineup, a few interesting health 0:01:36.160 --> 0:01:39.280 tech editions, and the debut, of course, of Apple Intelligence. 0:01:39.280 --> 0:01:41.759 What did you make of it, Ben, Tuesday's big announcement. 0:01:42.520 --> 0:01:46.040 Yeah, I think it was the definition of iterative in 0:01:46.080 --> 0:01:49.400 many ways, but I think some of those iterations were 0:01:49.640 --> 0:01:52.680 pretty cool. I know the online reaction that I saw 0:01:52.800 --> 0:01:56.040 was pretty underwhelmed in general, but I thought there was 0:01:56.080 --> 0:01:59.720 some interesting stuff in there. The little camera button that 0:02:00.040 --> 0:02:05.080 turns the phone into a more of a focused camera tool. 0:02:05.400 --> 0:02:08.480 I think like while most people might not find that 0:02:08.520 --> 0:02:10.480 incredibly useful, there's going to be a good chunk of 0:02:10.480 --> 0:02:13.480 people who do. Might open up more of the camera's 0:02:13.520 --> 0:02:18.200 options to more people, And it really is working to 0:02:18.240 --> 0:02:21.919 turn it into an industry tool, which I think is 0:02:22.000 --> 0:02:25.240 super interesting. And if you look back earlier this year, 0:02:25.360 --> 0:02:29.600 I went and jumped off the sky tower because Apple 0:02:29.800 --> 0:02:32.920 had done a deal with aj Hacket Bungee to use 0:02:33.080 --> 0:02:37.120 iPhone fifteen's in all of their replacing their cameras to 0:02:37.240 --> 0:02:41.639 capture customer experiences. So people are starting to see the 0:02:41.760 --> 0:02:45.960 value of using the iPhones in place of some of 0:02:46.000 --> 0:02:51.200 these more expensive camera rigs, which I think is an 0:02:51.200 --> 0:02:54.400 interesting trend that probably shouldn't be overlooked and isn't something 0:02:54.400 --> 0:02:57.160 that I think most of the consumers maybe watching that 0:02:57.520 --> 0:03:00.280 glow Time event would have noticed, but really stuck out me. 0:03:01.120 --> 0:03:04.960 Yeah, I mean people are shooting entire movies on the 0:03:05.360 --> 0:03:09.959 iPhone now, particularly the iPhone Pro and Pro Max or 0:03:10.000 --> 0:03:13.120 whatever it's called, So the quality level is there, so 0:03:13.240 --> 0:03:16.160 to have that tactile to be able to really control 0:03:16.200 --> 0:03:19.079 that is really useful. But the key sort of takeaway 0:03:19.520 --> 0:03:23.320 for me actually is the pricing's actually decreased for the 0:03:23.360 --> 0:03:25.919 New Zealand market, and that's stayed the same in the US. 0:03:26.000 --> 0:03:29.600 So the iPhone sixteen will go on sale here for 0:03:30.440 --> 0:03:34.480 one five hundred and ninety nine dollars, and that is 0:03:34.520 --> 0:03:36.920 down from one thousand, six hundred and forty nine dollars 0:03:37.000 --> 0:03:42.640 for the iPhone fifteen, and that discount or lower price 0:03:43.000 --> 0:03:47.360 is reflected across the range the sixteen pro, for instance, 0:03:47.600 --> 0:03:50.480 is nineteen hundred and ninety nine dollars that used to 0:03:50.520 --> 0:03:52.680 be two thousand and ninety nine. They're looking at the 0:03:52.720 --> 0:03:55.440 New Zealand dollar compared to the US, going how much 0:03:55.480 --> 0:03:59.280 can keiws take really in a recessionary environment. So that 0:03:59.440 --> 0:04:02.720 is good for consumers, But for me, the other big 0:04:02.920 --> 0:04:05.600 thing that caught my attention is really not on the iPhone. 0:04:05.640 --> 0:04:10.680 It's on the Apple Watch and on the AirPod Pro. 0:04:11.560 --> 0:04:14.760 These health features. I mean, it's super exciting turning the 0:04:15.080 --> 0:04:17.000 AirPod pros and I've been talking about this for a 0:04:17.040 --> 0:04:19.920 long time, but they finally nailed it, turning it basically 0:04:19.920 --> 0:04:23.560 into what they're calling a clinical grade hearing aid, so 0:04:23.680 --> 0:04:27.960 not necessarily replacing hearing aids that are usually very expensive 0:04:28.000 --> 0:04:30.400 and finely tuned to the user. But if you have 0:04:30.560 --> 0:04:34.599 sort of low or mid level hearing loss, being able 0:04:34.640 --> 0:04:38.880 to use these to basically boost the volume, the clarity 0:04:39.320 --> 0:04:41.960 and adapted very much to you. You can tune them 0:04:42.520 --> 0:04:43.760 using the app on the iPhone. 0:04:43.839 --> 0:04:46.400 It's pretty incredible, and you can do the hearing test 0:04:46.480 --> 0:04:48.520 and the Apple Health app as well. So it's like 0:04:48.560 --> 0:04:51.920 a beginning to end solution for people with like you say, 0:04:52.000 --> 0:04:55.480 mild to moderate hearing loss like that is probably something 0:04:55.520 --> 0:04:57.279 that I don't think many people would have had on 0:04:57.320 --> 0:04:59.960 their Bengo cards, you know. But it really just goes 0:05:00.040 --> 0:05:04.599 to show the potential for medtech in people's lives. 0:05:04.800 --> 0:05:06.800 The only thing that does give me pause. 0:05:06.640 --> 0:05:10.920 Is that the cost of these devices and the fact 0:05:10.920 --> 0:05:14.040 that they are still very much in the high end premium, 0:05:14.240 --> 0:05:16.800 does start to see a little bit of a diversion 0:05:17.720 --> 0:05:21.880 or further diversion in healthcare for different ends of the 0:05:21.920 --> 0:05:25.080 social spectrum. Absolutely, you know, it's not going to be 0:05:25.520 --> 0:05:27.679 maybe the people that need it most who are getting 0:05:27.760 --> 0:05:31.200 these things strapped to their wrist, perhaps, Yeah. 0:05:31.240 --> 0:05:34.680 And if you need a device set runs iOS eighteen 0:05:35.560 --> 0:05:40.680 for the hearing aids, you need the AirPod Pro two. 0:05:40.760 --> 0:05:43.200 I think it is it's four hundred and seventy nine 0:05:43.240 --> 0:05:46.040 dollars that they're going on, the mircrop in New Zealand, 0:05:46.600 --> 0:05:50.640 a high end Apple Watch I think nine or ten series, 0:05:50.640 --> 0:05:53.920 and the Ultra, so you're looking at five or six 0:05:54.040 --> 0:05:57.080 hundred bucks for one of those. But they are the 0:05:57.200 --> 0:06:01.560 not subscription based, which is good, so credit to them 0:06:01.600 --> 0:06:06.200 for innovating these things. Neither of them have had FDA approval. 0:06:06.279 --> 0:06:09.800 Or the right regulatory sign off. Yet they say that's 0:06:09.839 --> 0:06:13.120 coming soon, so hopefully they get that over the line. 0:06:13.120 --> 0:06:16.680 It's curious that they launched these things before they've actually 0:06:16.680 --> 0:06:18.960 got it all signed and sealed, but. 0:06:19.360 --> 0:06:22.599 Pretty confident about it. Yeah, exactly that they will. 0:06:22.760 --> 0:06:26.479 I can't see it being too controversial. But I guess 0:06:26.080 --> 0:06:29.440 the other thing, which is also not here yet the 0:06:29.440 --> 0:06:31.919 phones have debuted, but Apple Intelligence. 0:06:32.040 --> 0:06:34.119 Yeah, and that was my next point as well. 0:06:34.480 --> 0:06:36.479 It's just like, why would you why would you do that? 0:06:36.480 --> 0:06:39.720 You've got this big flagship event and it's like, oh, 0:06:39.760 --> 0:06:42.520 that will be later this month. These features, these Apple 0:06:42.560 --> 0:06:48.040 Intelligence AI driven text editing and in box summaries all 0:06:48.080 --> 0:06:50.560 sounds great and we've been hearing about it for months. 0:06:51.400 --> 0:06:53.560 Do it in a big bang when the actual phones 0:06:53.920 --> 0:06:56.000 are unveiled at your biggest of end of the year. 0:06:56.800 --> 0:06:59.680 Yeah, I mean it just I have to. 0:07:00.400 --> 0:07:04.200 Like, it does get me really excited, the contextual personal 0:07:04.240 --> 0:07:07.479 context stuff, being able to go through and have that 0:07:07.560 --> 0:07:10.640 really smart assistant and all the upgrades to Siri. It 0:07:10.680 --> 0:07:12.800 gets me really excited for that. But at the same time, 0:07:13.840 --> 0:07:16.280 it's it's kind of like how many times can. 0:07:16.160 --> 0:07:17.840 You can you get away with that? 0:07:18.040 --> 0:07:20.760 Like I feel like I'm being I've been burned with 0:07:20.040 --> 0:07:25.280 the Surface laptop and this like burned a little bit 0:07:25.280 --> 0:07:27.720 with the originally with Samsung when they came out saying 0:07:27.720 --> 0:07:29.400 they were going to have all these great AI features 0:07:29.440 --> 0:07:31.720 and they were a bit milk toast and and so 0:07:31.960 --> 0:07:35.040 come on, Apple, like, my hopes are up, so really 0:07:35.120 --> 0:07:36.840 need you to deliver on this one. 0:07:37.360 --> 0:07:42.120 Yeah, yeah, you're a business desk. A review of the 0:07:42.160 --> 0:07:45.960 Microsoft Surface Laptop was was pretty pretty scathing, and really 0:07:45.960 --> 0:07:49.119 that was down to the over promising on the AI function. 0:07:49.240 --> 0:07:51.160 I was the same I reviewed it, and you know, 0:07:51.200 --> 0:07:54.600 there's that button on keyboard which is your launch pad 0:07:54.600 --> 0:07:59.280 into co pilot, and co Pilot's a good a good service, 0:07:59.280 --> 0:08:02.720 but really that is it. All the other functions that 0:08:02.720 --> 0:08:06.240 they were really touting, like the recall function wasn't available. 0:08:06.280 --> 0:08:09.480 So I think Apple is in real danger of doing 0:08:09.480 --> 0:08:12.920 the same thing. They obviously are making last minute tweaks. 0:08:12.960 --> 0:08:15.800 It's very complicated to get these things working properly. But 0:08:15.840 --> 0:08:18.800 if we don't see them having a really good impact 0:08:18.880 --> 0:08:21.000 by the end of this month, I think they're going 0:08:21.000 --> 0:08:23.960 to be in trouble and that may impact iPhone sixteen 0:08:24.080 --> 0:08:24.880 sales ultimately. 0:08:25.360 --> 0:08:28.720 Yeah, absolutely, unless the people, the early adopters get these 0:08:28.760 --> 0:08:31.400 in their hands, and even the iPhone fifteen Pro people 0:08:31.600 --> 0:08:35.240 get the Apple Intelligence in their hands and go this 0:08:35.320 --> 0:08:39.000 is awesome and really generate that buzz online, it is 0:08:39.040 --> 0:08:41.520 not going to have that pick up impact that they're 0:08:41.520 --> 0:08:43.800 really hoping for for the iPhone sixteen because they're putting 0:08:43.800 --> 0:08:46.320 a lot of eggs in this iPhone sixteen basket in 0:08:46.400 --> 0:08:50.640 terms of their you know, dropping sales over recent years. 0:08:50.679 --> 0:08:55.400 So yeah, and look, they're not really promising that much. 0:08:55.400 --> 0:08:59.320 It's pretty basic, you know what you'll be able to 0:08:59.360 --> 0:09:02.080 do in the initial run anyway. But what will be 0:09:02.120 --> 0:09:06.240 interesting is all the developers who got access to Apple 0:09:06.280 --> 0:09:09.560 Intelligence six months ago, what they will be coming up 0:09:09.559 --> 0:09:12.760 with and what will appear on the App Store or 0:09:12.800 --> 0:09:16.640 in their existing apps that draw on that neural processor 0:09:16.800 --> 0:09:20.560 in the iPhone sixteen and which you can use on 0:09:20.600 --> 0:09:23.880 the iPhone fifteen Pro as well. That is going to 0:09:23.920 --> 0:09:27.560 supercharge the apps that we use every day. So that's 0:09:27.600 --> 0:09:29.920 when the real value I think will come, both for 0:09:30.360 --> 0:09:35.440 the surface and these co pilot PCs as well as 0:09:35.920 --> 0:09:38.880 phones that have AI on them, when all the third 0:09:38.920 --> 0:09:41.960 party app developers jump on board and make use of them. 0:09:42.160 --> 0:09:45.280 Interesting that Apple had its big splash and literally the 0:09:45.320 --> 0:09:50.439 next day on Wednesday, news from Europe that they've been 0:09:50.960 --> 0:09:55.360 slapped with a twenty three billion dollar fee for back 0:09:55.440 --> 0:09:58.800 taxes because of their arrangement with Ireland where they were 0:09:58.800 --> 0:10:02.440 paying for a long time a very low effective tax rate. 0:10:02.640 --> 0:10:05.520 And you have this weird situation where islands have got 0:10:05.600 --> 0:10:08.559 rich off companies like Apple. We had a guest on 0:10:09.040 --> 0:10:11.920 a few months back who was talking about the Celtic 0:10:11.960 --> 0:10:15.480 Tiger and how rich Dublin is because of the tech sector, 0:10:16.320 --> 0:10:19.040 and you had Ireland basically saying to the EU, leave 0:10:19.120 --> 0:10:21.400 us alone. We've got this great deal going with Apple, 0:10:21.559 --> 0:10:23.880 and the EU said, no, Ireland, you were part of 0:10:23.920 --> 0:10:27.600 the EU. We will all have uniform tax policies. Apple's 0:10:27.640 --> 0:10:30.240 going to have to pay. So they will have to pay. 0:10:30.280 --> 0:10:32.560 They've said, I think in the fourth quarter they will 0:10:32.600 --> 0:10:37.040 have a ten billion dollar US impact on their books 0:10:37.600 --> 0:10:40.360 to settle that. So they'll have to sell a lot 0:10:40.360 --> 0:10:42.520 more iPhone sixteen's to make up for it. 0:10:43.200 --> 0:10:46.720 Absolutely, yeah, yeah, and I mean it goes. It does 0:10:47.200 --> 0:10:49.240 speak volumes of the fact that they have capitulated to 0:10:49.280 --> 0:10:51.720 a lot of the EU's demands in terms of USBC 0:10:52.040 --> 0:10:54.160 in terms of opening the NMC chip and all these 0:10:54.200 --> 0:10:57.880 other things. The Europe is clearly a very important market 0:10:57.960 --> 0:11:02.040 to them. So yeah, I can't see them. Well, there's 0:11:02.040 --> 0:11:03.800 probably a little bit of grumbling in the background. I 0:11:03.800 --> 0:11:06.520 can't see them, you know, resisting too hard at paying 0:11:06.559 --> 0:11:08.440 their their fair share over in the EU. 0:11:08.880 --> 0:11:12.320 No, and very you know, suddenly the Irish government has 0:11:12.360 --> 0:11:15.840 a twenty three billion dollar that's New Zealand dollar, sort 0:11:15.840 --> 0:11:18.280 of thirteen billion euro windfall. 0:11:18.679 --> 0:11:19.280 Imagine that. 0:11:19.480 --> 0:11:21.400 Imagine what that would mean for the New Zealand government 0:11:21.520 --> 0:11:24.240 to have that sort of money to put into infrastructure 0:11:24.280 --> 0:11:26.760 or something. So you're trying to figure out what to 0:11:26.800 --> 0:11:29.600 do with it. They want to set up a sovereign 0:11:29.640 --> 0:11:31.880 fun there, one hundred billion dollars sovereign fun And that's 0:11:31.920 --> 0:11:34.320 really because they're taking in so much corporate tax. Now, 0:11:34.679 --> 0:11:38.720 they got all of those companies there at paying low tax, 0:11:38.800 --> 0:11:40.800 and then the EU said no, they have to pay 0:11:40.840 --> 0:11:43.360 a fair amount of tax. And the companies have invested 0:11:43.360 --> 0:11:44.720 so much in Ireland are staying there. 0:11:44.800 --> 0:11:46.160 So it's just worked. 0:11:46.240 --> 0:11:48.079 It's just a masterful plan really. 0:11:48.160 --> 0:11:49.400 By the I fantastic. 0:11:49.520 --> 0:11:52.000 Yeah, it's a pity we's so far away that it 0:11:52.040 --> 0:11:53.360 wouldn't quite work for us. 0:11:53.240 --> 0:11:59.160 But no, right now, onto our featured interview with Henji Wang, 0:11:59.360 --> 0:12:02.520 co founder of CAMI. Last month, The Herald reported that 0:12:02.600 --> 0:12:06.679 BV Investment Partners had taken a controlling stake in CAMI. 0:12:06.760 --> 0:12:09.440 This is a Boston based private equity company that's been 0:12:09.480 --> 0:12:13.240 around for decades and invested in a lot of ed 0:12:13.320 --> 0:12:17.040 tech companies. That deal valued the company at three hundred 0:12:17.200 --> 0:12:18.080 million dollars. 0:12:18.280 --> 0:12:18.600 Now. 0:12:18.840 --> 0:12:22.960 It follows another US private equity company taking a big 0:12:23.000 --> 0:12:26.640 stake in Dunedin's Education Perfect back in twenty twenty one 0:12:27.240 --> 0:12:30.160 that valued the company at four hundred and fifty five 0:12:30.240 --> 0:12:34.400 million dollars. We've also got Crimson Education, which raised ten 0:12:34.440 --> 0:12:37.200 million US last year and a funding round that valued 0:12:37.200 --> 0:12:41.679 it it supposedly US four hundred and sixty million dollars. 0:12:41.920 --> 0:12:45.840 Those are incredible valuations for education related startups and they're 0:12:45.840 --> 0:12:47.720 doing very well overseas. 0:12:47.960 --> 0:12:49.120 That's just three of them. 0:12:49.320 --> 0:12:51.960 There are several other fast growing ones, and it's that 0:12:51.960 --> 0:12:54.120 that that doesn't really get the same level of bars 0:12:54.160 --> 0:12:57.480 as like fintech or agritech, but which New Zealand seems 0:12:57.480 --> 0:12:58.200 to do very well in. 0:12:58.840 --> 0:13:01.880 I'll tell you who has done very well from Boston 0:13:01.960 --> 0:13:06.199 Ventures buying CAMI. The New Zealand Growth Capital Partners, the 0:13:06.800 --> 0:13:11.280 government's venture investment vehicle. It's a spire fund will get 0:13:11.320 --> 0:13:14.640 thirty seven million dollars back from the sale of CAMI. 0:13:15.120 --> 0:13:20.000 That represents a seventyfold increase on its investment. But Ben 0:13:20.040 --> 0:13:22.959 tell us a bit more about exactly what CAMI does 0:13:23.080 --> 0:13:24.440 in the education tech space. 0:13:25.559 --> 0:13:29.720 Basically, at its core, CAMI is a document sharing platform, 0:13:29.920 --> 0:13:34.679 so teachers can easily share PDFs with students and they 0:13:34.679 --> 0:13:39.520 can be annotated and they can be easily marked if 0:13:39.559 --> 0:13:42.480 they know the kids write their answers on the sheets 0:13:42.520 --> 0:13:43.240 and things like that. 0:13:43.280 --> 0:13:44.560 I mean, that's that Its very core. 0:13:44.800 --> 0:13:50.160 But it has evolved now into this really comprehensive assessment 0:13:50.240 --> 0:13:53.480 and learning product. So you can take a pack of 0:13:55.000 --> 0:13:58.720 resources and you can give them to students and you 0:13:58.760 --> 0:14:02.360 can create assessment it's based on them, and you know, 0:14:02.400 --> 0:14:06.600 it's got remote learning aspects to it. And it's basically 0:14:06.640 --> 0:14:12.320 like a document management tool on steroids specifically for education 0:14:12.480 --> 0:14:16.360 for teachers and students. And obviously in the digital age, 0:14:16.720 --> 0:14:20.360 when all of your resources are online on your computer 0:14:20.800 --> 0:14:23.960 and they're going to different types of computers to chromebooks, 0:14:24.000 --> 0:14:27.920 to PCs, iPads. Being able to have something that can 0:14:27.960 --> 0:14:31.240 work across all of those platforms is really useful for 0:14:31.760 --> 0:14:33.600 education worldwide. 0:14:34.440 --> 0:14:37.200 Yeah, and I've had a huge cut through in one 0:14:37.280 --> 0:14:39.680 hundred and eighty countries, big in the US. It's been 0:14:39.880 --> 0:14:43.760 the focus of them. Founded by students so very much, 0:14:43.800 --> 0:14:47.800 people who are feeling the pain points of learning in 0:14:47.840 --> 0:14:52.080 the digital age and decided to go about and fix that. 0:14:52.320 --> 0:14:56.440 So here's been talking to CAMI co Founderhnji Wang about 0:14:56.440 --> 0:14:59.480 a startup journey and the role AI is likely to 0:14:59.480 --> 0:15:04.040 play and the type of educational platforms Cammi is developing. 0:15:10.440 --> 0:15:13.160 Hi, Henji, Welcome to the Business of Tech podcast. Thanks 0:15:13.160 --> 0:15:15.880 so much for joining us. Thanks for having me, Ben So, 0:15:16.080 --> 0:15:19.280 you are one of the co founders of a New 0:15:19.360 --> 0:15:22.400 Zealand's success story in the tech scene and especially the 0:15:22.520 --> 0:15:27.200 ed tech scene known as Cammi, and Cammy's been around 0:15:27.240 --> 0:15:29.640 for just over a decade now. I think you just 0:15:29.680 --> 0:15:34.080 said to me basically selling a really powerful and useful 0:15:34.080 --> 0:15:37.360 piece of software into schools. Do you want to give 0:15:37.440 --> 0:15:40.720 us just a very brief background about how Cami came 0:15:40.760 --> 0:15:40.960 to be. 0:15:41.480 --> 0:15:45.840 Absolutely so. Cammy is this wonderful platform app that's used 0:15:45.880 --> 0:15:48.440 by over forty million teachers and students around the world. 0:15:48.720 --> 0:15:52.000 But before we got there, we started this business as 0:15:52.240 --> 0:15:56.760 just an app that we were as best friends at university. 0:15:57.240 --> 0:15:59.880 We wanted to solve a problem that we had ourselves, 0:16:00.080 --> 0:16:04.560 which was how do you effectively take study notes in class? 0:16:05.120 --> 0:16:09.560 And this is over decadedgos So when devices were just 0:16:09.680 --> 0:16:13.200 starting to show up in every classroom, when technologists just 0:16:13.200 --> 0:16:16.560 started to show up more privalently in the class, prominently 0:16:16.600 --> 0:16:21.080 in the class brother and we knew that we had 0:16:21.120 --> 0:16:23.440 a look and there wasn't great software and we needed 0:16:23.480 --> 0:16:26.400 to do something about it. So that's the solution that 0:16:26.440 --> 0:16:30.400 we came up with. And then of course this trend 0:16:30.400 --> 0:16:36.520 around teacher time and resource availability. Teachers are increasingly cling 0:16:36.640 --> 0:16:40.600 more and how do you have a way to still 0:16:40.600 --> 0:16:44.040 be able to personalize and make learning accessible and make 0:16:44.080 --> 0:16:48.640 it exciting, but do it in a way that uses 0:16:48.760 --> 0:16:54.440 technology in the most purposeful way possible and embracing that 0:16:54.560 --> 0:16:57.720 I think has always been the biggest challenge in education. 0:16:58.160 --> 0:17:00.160 I think that kind of leads us quite naturally to 0:17:00.720 --> 0:17:03.360 the main topic of the conversation that we are here 0:17:03.360 --> 0:17:07.200 to have, which is, of course artificial intelligence and how 0:17:07.280 --> 0:17:11.240 AI is increasingly playing a role in the classroom, and 0:17:11.280 --> 0:17:13.320 I think probably the first thing we should do is 0:17:13.359 --> 0:17:18.320 split out AI as we're thinking about it, into what 0:17:18.359 --> 0:17:21.200 we might call now classic AI. And then we've got 0:17:21.200 --> 0:17:25.000 this other public facing side of AI, the new wave 0:17:26.280 --> 0:17:29.320 generative AI, LM based AI, whatever you'd like to call it, 0:17:29.400 --> 0:17:35.600 that involves interactivity between dynamic language based interactivity between kind 0:17:35.600 --> 0:17:38.680 of the user and the software. So, yeah, let's go 0:17:38.760 --> 0:17:42.200 back to the early days of how Chemi was using AI. 0:17:42.280 --> 0:17:45.760 I'm assuming you've had some kind of algorithmic presence in 0:17:45.800 --> 0:17:47.359 your product for several years. 0:17:47.760 --> 0:17:49.639 Yeah, So if we were to zoom back a little 0:17:49.640 --> 0:17:53.119 bit and just think about that implementation of technology in 0:17:53.160 --> 0:17:57.400 the classroom, Cammy, one of our proof points is we 0:17:57.560 --> 0:18:00.960 save teachers. This is teachers telling us we save teachers 0:18:01.000 --> 0:18:04.199 in the average of eight hours a week. Wow, So 0:18:04.280 --> 0:18:07.760 that is huge. That's over an hour each day that 0:18:07.800 --> 0:18:11.159 we're giving back to the teacher to enable them to 0:18:11.320 --> 0:18:15.440 focus back on their students, their learning outcomes, making things 0:18:15.480 --> 0:18:18.600 more accessible. And if you look at how we arrived 0:18:18.640 --> 0:18:21.160 at that point, we did it in a way that 0:18:21.720 --> 0:18:25.639 takes technology that already exists today and put it together 0:18:25.680 --> 0:18:29.639 in a way that really drives activity in the classroom. 0:18:29.920 --> 0:18:34.320 We do it by, for instance, saving a clique for 0:18:34.480 --> 0:18:37.439 the teacher or saving a clique for the students so 0:18:37.520 --> 0:18:40.040 that they don't have to think about it and worry 0:18:40.040 --> 0:18:43.119 about it. So anything that we can do to simplify 0:18:43.280 --> 0:18:46.399 technology in the classroom is actually a huge gain for 0:18:46.480 --> 0:18:49.160 the teacher. Just as an example, when we did all 0:18:49.200 --> 0:18:52.919 of this, we achieved this eight hour a week on 0:18:53.040 --> 0:18:56.880 average saving for the teacher outcome before we had any 0:18:56.960 --> 0:19:00.960 of the new generation of LAMAI implemented an product. So 0:19:01.040 --> 0:19:04.120 that tells you something about how we as a company 0:19:04.240 --> 0:19:08.560 know how to implement technology in the classroom, and we've 0:19:08.560 --> 0:19:12.760 done it using your traditional AI. There is a lot 0:19:12.760 --> 0:19:16.840 of One example would be how we take an image 0:19:17.320 --> 0:19:21.159 that teachers have and digitizing that image. So take a 0:19:21.280 --> 0:19:24.520 scan of a document and we make it as seamless 0:19:24.520 --> 0:19:27.480 as possible to digitize it into a format that you 0:19:27.480 --> 0:19:31.120 can start using. You can start interacting as a student. 0:19:31.600 --> 0:19:34.639 So I, as a teacher, take a scan of a 0:19:34.640 --> 0:19:37.240 piece of curriculum, I send it off to a student 0:19:37.320 --> 0:19:40.880 that might have special accommodations or special needs, and they 0:19:40.880 --> 0:19:44.840 can start immediately using it with their speech to text. 0:19:45.680 --> 0:19:48.439 So it allows it to read out loud the text 0:19:48.720 --> 0:19:50.960 or sorry rather text a speech not speech to text. 0:19:51.400 --> 0:19:54.480 On the opposite end, Cammie also has tools that allow 0:19:54.640 --> 0:19:57.840 the student to speak their answer back to the to 0:19:57.920 --> 0:20:01.560 their curriculum and record all whether that's a video, whether 0:20:01.640 --> 0:20:06.800 that's sort of a text written dictated down. And that's 0:20:07.200 --> 0:20:11.880 perhaps what you would consider your more traditional AI implementation 0:20:11.960 --> 0:20:13.679 of CAME, but we do in a way that is 0:20:14.160 --> 0:20:17.960 as little friction as possible. And so yeah, that would 0:20:17.960 --> 0:20:21.000 probably be a few examples of how we've gone on 0:20:21.119 --> 0:20:24.760 to purposely implement this in a way. And for the 0:20:24.800 --> 0:20:27.480 more tech savvy readers out there, it's just a very 0:20:27.920 --> 0:20:33.080 seamless integration of what is known as the OCI technology solution. 0:20:33.160 --> 0:20:37.520 Right, So it's just kind of any time that you 0:20:37.920 --> 0:20:42.200 see that there's a way to improve a process basically 0:20:42.320 --> 0:20:46.480 to make it less manual using these the implementation of 0:20:46.560 --> 0:20:49.439 these algorithms, you can kind of do that because you 0:20:49.480 --> 0:20:53.879 are a software product, and speech to text must have 0:20:53.960 --> 0:20:57.520 been kind of revolutionary for a lot of people when 0:20:57.600 --> 0:21:00.920 that was first able to be rolled out on mass 0:21:01.280 --> 0:21:03.440 Having that same kind of experience with the new generation 0:21:03.840 --> 0:21:04.920 the LM based AI. 0:21:05.359 --> 0:21:08.760 In short, yes, I think one important thing I should 0:21:08.800 --> 0:21:11.919 note before we get into that is whenever we develop product, 0:21:11.920 --> 0:21:15.919 our philosophy is to speak to the customer directly. And 0:21:16.000 --> 0:21:19.800 if you look at every single feature, every single change 0:21:19.800 --> 0:21:22.440 that we've rolled out in our product, we can tie 0:21:22.480 --> 0:21:25.720 that to a conversation we've had with a feature with 0:21:25.840 --> 0:21:29.480 a parent, with an administrator, perhaps sometimes with a student, 0:21:29.920 --> 0:21:34.240 and so that is extremely important to us being able 0:21:34.240 --> 0:21:37.400 to link it back to this will help this person 0:21:37.840 --> 0:21:40.800 and why. And when you look at how we've started 0:21:40.800 --> 0:21:44.560 to implement LLMS, we've done it in a way that 0:21:44.720 --> 0:21:49.560 is extremely purposeful. So our first enhancement using LLMS and 0:21:49.640 --> 0:21:52.840 Generator of AI is to take an existing piece of 0:21:52.880 --> 0:21:57.600 curriculum and you enhance it by bringing out or teasing 0:21:57.640 --> 0:22:01.680 out all the sort of quizzes and questions that typically 0:22:01.680 --> 0:22:05.399 a teacher would spend time typing manually out for the 0:22:05.480 --> 0:22:09.720 students to answer. We now pull that out. If there's 0:22:09.760 --> 0:22:13.040 an answer key, we'll use take advantage of that answer key, 0:22:13.520 --> 0:22:16.480 and it pulls it all out so that the teacher 0:22:16.520 --> 0:22:20.120 can then organize it on their document, on their template, 0:22:20.200 --> 0:22:23.080 rather before they send it out to the students to answer. 0:22:23.440 --> 0:22:25.600 And one of the things that we've done is we 0:22:25.720 --> 0:22:29.240 can also select using l and MS the right answer, 0:22:29.359 --> 0:22:31.960 so it saves teachers time. They don't have to say 0:22:32.520 --> 0:22:34.840 they don't have to grade it manually anymore. They can 0:22:34.880 --> 0:22:39.600 simply let it auto grade because at the time that 0:22:39.640 --> 0:22:43.800 we generate these quizzes or these questions, we've already got 0:22:43.840 --> 0:22:46.600 an idea of what the answer will be, and we 0:22:46.760 --> 0:22:49.120 have the teacher check all of this before they send 0:22:49.160 --> 0:22:50.960 it off to the students, which is an important bit 0:22:51.320 --> 0:22:54.040