Promethean

Mynd Announces Fiscal Year 2023 Results

Retrieved on: 
Wednesday, March 27, 2024

SEATTLE, March 27, 2024 /PRNewswire/ -- Mynd.ai, Inc. (the "Company" or "Mynd") (NYSE American: MYND) today announced financial results for the fiscal year ended December 31, 2023.

Key Points: 
  • SEATTLE, March 27, 2024 /PRNewswire/ -- Mynd.ai, Inc. (the "Company" or "Mynd") (NYSE American: MYND) today announced financial results for the fiscal year ended December 31, 2023.
  • While the merger transaction marked a pivotal moment in the evolution of the Company, our dedicated team worked tirelessly throughout 2023 to advance our business and deliver positive outcomes for our customers.
  • Our Promethean brand has been named the global leader in IFPDs for education in the fourth quarter of 2023, according to Futuresource Consulting's Q4 2023 report on the global IFPD market.
  • 2 Excluding China, according to Futuresource Consulting's Q4 report of the global IFPD market.

Mynd.ai to Ring NYSE First Trade Bell on February 5th

Retrieved on: 
Friday, February 2, 2024

The ceremony will begin at approximately 9:35 a.m. Eastern Time from the NYSE Trading Floor.

Key Points: 
  • The ceremony will begin at approximately 9:35 a.m. Eastern Time from the NYSE Trading Floor.
  • Following the bell ringing on the Trading Floor, Vin Riera, Mynd's CEO, will be interviewed by the Host of NYSE Floor Talk, Judy Shaw.
  • That interview will also be posted on the NYSE's social media channels as well as on Mynd's website at www.mynd.ai .
  • I am so grateful to those who brought us to this moment - our people, our customers, our investors, and our partners."

Education Technology Market size in North America to grow by USD 42.98 billion from 2022 to 2027, The market is fragmented due to the presence of prominent companies like 2U Inc., Alphabet Inc. and ApplyBoard Inc., and many more - Technavio

Retrieved on: 
Friday, January 5, 2024

The education technology market in North America is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The education technology market in North America is fragmented owing to the presence of many global and regional companies.
  • A few prominent companies that offer education technology market in North America are Blackboard Inc., Chegg Inc., Coursera Inc., 2U Inc., Alphabet Inc., Instructure Holdings Inc., Microsoft Corp., Udacity Inc., ApplyBoard Inc., Think and Learn Pvt.
  • The report provides a full list of key companies, their strategies, and the latest developments.
  • Alphabet Inc. - The company offers educational technology such as Google Workspace and Google Classroom for online classes, managing assignments, and organizing daily tasks.

AI is our ‘Promethean fire': using it wisely means knowing its true nature – and our own minds

Retrieved on: 
Wednesday, January 3, 2024

But whether that future will prove utopian, apocalyptic or somewhere in between is anyone’s guess.

Key Points: 
  • But whether that future will prove utopian, apocalyptic or somewhere in between is anyone’s guess.
  • In February, ChatGPT set the record as the fastest app to reach 100 million users.
  • Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.

AI’s black box problem

  • The black box metaphor explains why people’s beliefs about AI are all over the map.
  • Predictions range from utopia to extinction, and many even believe an artificial general intelligence (AGI) will soon achieve sentience.
  • Read more:
    A year of ChatGPT: 5 ways the AI marvel has changed the world

    But this uncertainty compounds the problem.

AI, computation, logic and arithmetic

  • It runs on computers, and so is automated computation.
  • In the late 19th century, mathematicians Richard Dedekind and Giuseppe Peano proposed a set of axioms which defined arithmetic in terms of logic, and inspired attempts to ground all mathematics on a secure formal basis.
  • Read more:
    Forget dystopian scenarios – AI is pervasive today, and the risks are often hidden

Deep structure of perception

  • This structure is like coloured glasses that shape our perception in particular ways, so that our experience of the world is ordered and manageable.
  • Read more:
    Arithmetic has a biological origin – it's an expression in symbols of the 'deep structure' of our perception

    We showed by mathematical proof that when the deep structure of perception was assumed to limit the possibilities, arithmetic was the result.

  • Although the deep structure of perception is shared with other animals and so a product of evolution, only humans have invented mathematics.

A Copernican revolution of the mind

  • Kant claimed his philosophy was a “Copernican revolution of the mind”.
  • The mind is more than computation; the brain is not a computer.
  • Rather, computation – the basis for AI – is, like mathematics, a symbolic expression of the mind’s nature and creativity.

Promethean fire

  • The idea we can transcend our biological nature and achieve immortality by uploading our minds to the cloud is only fantasy.
  • In this way, AI is truly our Promethean fire, a gift to humanity stolen from the gods as in Greek mythology.
  • Like Alice, we need to wake up from the dream and recognise the reality and power of our minds.


Randolph Grace receives funding from the Royal Society Te Apārangi, Marsden Fund

Edtech Market size to grow by USD 108.98 from 2022 to 2027 | The market is fragmented due to the presence of prominent companies like 2U Inc., Alphabet Inc., and Anthology Inc., many more

Retrieved on: 
Monday, December 18, 2023

The edtech market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The edtech market is fragmented owing to the presence of many global and regional companies.
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    What are some of the major companies operating in the Edtech market?
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    What are the regional or global trends impacting the Edtech Market?
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    Smart Education Market: The smart education market size is estimated to grow at a CAGR of 17.98% between 2022 and 2027.

Mynd.ai, Inc. Consummates Merger Transaction

Retrieved on: 
Wednesday, December 13, 2023

SEATTLE, Dec. 13, 2023 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE: MYND), is pleased to announce the successful completion of the merger transaction ("Merger Transaction") by which Gravitas Education Holdings, Inc. ("GEHI") acquired Elmtree Inc. ("eLMTree") from Best Assistant Education Online Limited, a subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon").

Key Points: 
  • SEATTLE, Dec. 13, 2023 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE: MYND), is pleased to announce the successful completion of the merger transaction ("Merger Transaction") by which Gravitas Education Holdings, Inc. ("GEHI") acquired Elmtree Inc. ("eLMTree") from Best Assistant Education Online Limited, a subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon").
  • In connection with the Merger Transaction, GEHI has changed its corporate name to "Mynd.ai, Inc." and its ticker symbol from "GEHI" to "MYND".
  • "This merger transaction is a meaningful step forward for our company, our shareholders, and our customers," said Vin Riera, CEO of Mynd.
  • On the Closing Date, concurrent with the consummation of the Merger Transaction, the Company closed a private offering of US$65 million principal amount of senior secured convertible notes (the "Notes").

Digital Transformation Drives the Global Smart Learning Device Market to Reach $79.14 Billion in 2023 with an 18.14% CAGR - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 1, 2023

The global smart learning device market is on a trajectory to reach a staggering US$79.14 billion by 2023, with an impressive compound annual growth rate (CAGR) of 18.14% over the projected period.

Key Points: 
  • The global smart learning device market is on a trajectory to reach a staggering US$79.14 billion by 2023, with an impressive compound annual growth rate (CAGR) of 18.14% over the projected period.
  • Digital Transformation: The adoption of digital transformation technology in educational institutions has increased efficiency and effectiveness in managing learning outcomes.
  • The global smart learning device market is segmented into five regions:
    Europe: Covering Germany, France, UK, Italy, Spain, and the Rest of Europe.
  • The smart learning device market is characterized by its fragmentation, with several key players vying for dominance:
    NetDragon Websoft Holdings Limited (Promethean, Inc.)

Integration of AI and 5G Technology: Trends Transforming the Smart Learning Device Market

Retrieved on: 
Friday, November 3, 2023

Smart learning devices encompass a range of sophisticated tools designed to enhance the acquisition of knowledge and skills.

Key Points: 
  • Smart learning devices encompass a range of sophisticated tools designed to enhance the acquisition of knowledge and skills.
  • Integration of Artificial Intelligence (AI): The integration of AI into smart learning devices is a notable trend, enhancing personalized learning experiences and improving educational outcomes.
  • The global smart learning device market is segmented into five regions:
    Europe: Covering Germany, France, UK, Italy, Spain, and the Rest of Europe.
  • The smart learning device market is characterized by its fragmentation, with several key players vying for dominance:
    NetDragon Websoft Holdings Limited (Promethean, Inc.)

Higher Education Market size to grow by USD 63.36 billion from 2022 to 2027, The market is fragmented due to the presence of prominent companies like Adobe Inc., Advance HE and Apple Inc., and many more - Technavio

Retrieved on: 
Wednesday, October 11, 2023

The higher education market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The higher education market is fragmented owing to the presence of many global and regional companies.
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    Adobe Inc. - The company offers higher education solutions such as Creative Cloud.
  • Apple Inc. - The company offers higher education solutions through Macbook Pro, iPad Pro, and Apple Pencil.
  • The smart education market size is estimated to grow at a CAGR of 17.98% between 2022 and 2027.

The smart education market size to grow by USD 353.17 billion from 2022 to 2027 | The market is fragmented due to the presence of prominent companies like Adobe Inc., Blackboard Inc., Cengage Learning Inc., and many more - Technavio

Retrieved on: 
Monday, October 2, 2023

The smart education market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The smart education market is fragmented owing to the presence of many global and regional companies.
  • A few prominent companies that offer smart education market are Adobe Inc., Blackboard Inc., Cengage Learning Inc., Cisco Systems Inc., Cornerstone OnDemand Inc., D2L Corp., EI Design Pvt.
  • Promethean World Ltd.: The company offers smart education such as MyLab & Mastering, providing personalized learning experiences through digital tools.
  • The US - Smart Education Market is estimated to grow at a CAGR of 18.69% between 2022 and 2027.