SALT LAKE CITY, May 13, 2017 /PRNewswire/ -- The 2017 ASU + GSV Summit was held from May 8-10, in Salt Lake City, Utah. As a world leading "AI + Education" company, Liulishuo was invited to the summit for a second consecutive year. Yi Wang, the founder & CEO of Liulishuo, was invited to give a presentation at the Leader Stage on Wednesday, May 10. As a rising force in Chinese education technology, Liulishuo demonstrated the achievements of its AI technologies and discussed the promising role of AI in the future of education.
Being the world's largest education technology summit, the ASU + GSV Summit has since its inception invited world-class entrepreneurs, educators, policymakers, philanthropists, and university and school district leaders. This year's list of keynote speakers included former U.S. Secretary of Education Arne Duncan, co-founder of Coursera Andrew Ng, chairman of the board of Graham Holdings Company (previously The Washington Post Company) Donald E. Graham, and the CEO of LinkedIn Jeff Weiner.
In his presentation during the Keynote session, Andrew Ng discussed the application and future of AI within the education market. When discussing the role of AI in providing pronunciation feedback, he said that he had recently talked to the CEO of Liulishuo, Yi Wang, and that Liulishuo was using this technology to help people learn English.
The topic of Yi Wang's speech was "How Al English Teachers Will Shape the Future of Learning." He introduced "three deadly sins of the current education system," which are low efficiency, extremely high cost, and severe inequity. Industries like transportation, manufacturing, and commerce have changed dramatically due to revolutions in technology. As a major technological innovation, AI will meet the higher needs of humans which in education means changing the way people acquire knowledge and improving learning efficiency. Yi Wang believes that the future of education will be defined by personalization and high efficiency and that AI will help to solve the problems within the education system. AI will revolutionize education by helping shift it from "teacher-centered" to "student-centered."
After years of research and development, Liulishuo came up with the business model of "AI + Education" for the English education market. In July 2016, Liulishuo launched the "AI English Teacher," an intelligent adaptive learning system. It is supported by their world's leading speech recognition engine and the world's largest speech corpus of Chinese people speaking English. The AI English teacher provides users with a personalized study path and is proven to triple the learning efficiency of the traditional classroom according to the CEFR (Common European Framework of Reference for Languages). Liulishuo has grown into a company with 42 million users without large-scale investment in market promotion. Through word-of-mouth, Liulishuo is recognized as a profitable company with innovative technology and high-quality products.
Ever since Chinese companies began participating in the ASU + GSV Summit, China's education market has received worldwide attention and people have started to have a clearer understanding of it. As a result, international cooperation within this field has increased. At this year's summit, Yi Wang called on all those in attendance to join this education revolution, and cordially invited them to collaborate in content writing, channel distribution, and technology licensing.
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