Edtech

ChatGPT creator OpenAI announced the launch of GPT-4o, its newest flagship model, during a livestream on Monday. Chief technology officer Mira Murati described GPT-4o as "much faster" and "improves capabilities across text, vision, and audio".

Edtech firms seeing strong demand for courses related to ESG reporting, climate technology, carbon accounting, lifecycle analyses

Scaler laid off 150 staffers in Bengaluru for long-term growth and sustainability. It aims for annual profitability after achieving positive cash flow in 2023 and profitability in the July-September quarter.

Byju's AESL's CEO Deepak Mehrotra raised concerns about investor-driven behavior in edtech, emphasizing the inadequacy of digital tools for medical and engineering aspirants. He highlighted the need to address new learners' requirements and discussed industry challenges and his background.

Chief executive Alakh Pandey told ET that the offline business at Physics Wallah now contributes 40% of total revenue although it accounts for only 5% of its student base and the company is aiming to take the revenue share to about 45%.

A first information report – also accusing Tiger Global-backed Classplus of forgery and fraud – was lodged at Delhi’s Hauz Khas Police Station on March 9. ET has seen a copy of the FIR.