Brown Alum Raising Funds for AI to Fix China College Exam Ordeal
- Learnable.ai thinks it can slash grading times, help students
- It joins a plethora of startups trying to put AI to work
Senior high school students studying at night to prepare for the college entrance exams at a high school in Lianyungang, east China's Jiangsu province.
Source: AFP/Getty Images
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Learnable.ai is seeking to raise as much as $70 million to bankroll its goal of using AI to revamp the backbreaking ordeal that is China’s annual college entrance exams.
The Ningbo-based startup is in talks with investors and targeting a fundraise of up to 500 million yuan ($70 million), Chairman Guan Wang told Bloomberg News on the sidelines of the World Economic Forum this month. It aims to develop AI to automate the grading of the “gaokao” — the nationwide test that determines which of millions of annual aspirants get into top universities.