VCs should understand that AI is a ‘product’, not a ‘company’: Ronnie Screwvala

April 29, 2025

, By The Economic Times

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The use of genAI tools in education must not be viewed as a “cheat sheet” to bypass the efforts, said Ronnie Screwvala, co-founder and chairperson of edtech firm UpGrad tells Himanshi Lohchab .While AI can solve reasoning-heavy questions for students of IITs and PHDs, he cautioned against using AI merely as a shortcut. “We shouldn’t repeat the mistake we did with K-12,” he warned. “Look at Chegg in the US; once a $14 billion company, now worth less than the cash they have on hand. That model fell apart because students weren’t learning;…

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VCs should understand that AI is a ‘product’, not a ‘company’: Ronnie Screwvala

April 29, 2025

, By The Economic Times

The use of genAI tools in education must not be viewed as a “cheat sheet” to bypass the efforts, said Ronnie Screwvala, co-founder and chairperson of edtech firm UpGrad tells Himanshi Lohchab .While AI can solve reasoning-heavy questions for students of IITs and PHDs, he cautioned against using AI merely as a shortcut. “We shouldn’t repeat the mistake we did with K-12,” he warned. “Look at Chegg in the US; once a $14 billion company, now worth less than the cash they have on hand. That model fell apart because students weren’t learning;…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Pet care startup Petjio World in talks to raise $1.5 million seed funding

Next News

Geely-owned DreamSmart to add mobile payments to AI smart glasses

The Economic Times

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