Amazon (AMZN) is taking AI further into the classroom and the workplace to tackle a $1.1 trillion learning gap in U.S. education which is battering the economy.
Career Blockers Harming Economy
Amazon Web Services (AWS) said today that it was ramping up its 13-year-long tie-up with London-listed educational publishing group Pearson to accelerate the adoption of AI-driven teaching both in schools, colleges and the world of work to boost upskilling and “career pivots.” According to recent research carried out by Pearson, people struggling to move forward in their careers because of skill and learning gaps is costing the U.S. economy $1.1 trillion every year.
To ensure the U.S. can get back to the top of the class rather than skulking in the corner, Pearson and Amazon want to put more AI tools and systems into the hands of teachers, pupils, managers, and employees. They want to create a more personalized education experience with real-time comments, insights and results for pupils and employees. No more nervous waits for the teacher’s red marks to thud down on your page.
AI Powered Lessons
The companies said to do this they will look to increase their use of AWS’s cloud infrastructure and Amazon’s AI cloud service Bedrock to boost school and university education. This will help teachers produce AI-powered lessons, assessments, and insights. The two companies will also look to extend their partnership in the workplace, helping employees upskill and gain certifications in a range of jobs. Another focus will be on boosting English language learning.
The move continues Amazon’s AI push into a wide variety of sectors and comes only days after it announced an upgrade to its Alexa voice assistant also built on its Bedrock platform. AMZN shares were up slightly in pre-market trading.
Is AMZN a Good Stock to Buy?
On TipRanks AMZN has a Strong Buy consensus based on 47 Buy and 1 Hold rating. Its highest price target is $306. AMZN stock’s consensus price target is $268.91 implying an 28.83% upside.
