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

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;…