Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24
How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - 17th Feb 24
Why Rising Shipping Costs Won't Cause Inflation - 17th Feb 24
Intensive 6 Week Stock Market Elliott Wave Training Course - 17th Feb 24
INFLATION and the Stock Market Trend - 17th Feb 24
GameStop (GME): 88% Shellacking Yet No Lesson Learned - 17th Feb 24
Nick Millican Explains Real Estate Investment in a Changing World - 17th Feb 24
US Stock Market Addicted to Deficit Spending - 7th Feb 24
Stocks Bull Market Commands It All For Now - 7th Feb 24
Financial Markets Narrative Nonsense - 7th Feb 24
Gold Price Long-Term Outlook Could Not Look Better - 7th Feb 24
Stock Market QE4EVER - 7th Feb 24
Learn How to Accumulate and Distribute (Trim) Stock Positions to Maximise Profits - Investing 101 - 5th Feb 24
US Exponential Budget Deficit - 5th Feb 24
Gold Tipping Points That Investors Shouldn’t Miss - 5th Feb 24
Banking Crisis Quietly Brewing - 5th Feb 24
Stock Market Major Market lows by Calendar Month - 4th Feb 24
Gold Price’s Rally is Normal, but Is It Really Bullish? - 4th Feb 24
More Problems in US Regional Banking System: Where There's Fire There's Smoke - 4th Feb 24
New Hints of US Election Year Market Interventions & Turmoil - 4th Feb 24
Watch Consumer Spending to Know When the Fed Will Cut Interest Rates - 4th Feb 24
STOCK MARKET DISCOUNTING EVENTS BIG PICTURE - 31st Jan 24
Blue Skies Ahead As Stock Market Is Expected To Continue Much Higher - 31st Jan 24
What the Stock Market "Fear Index" VIX May Be Signaling - 31st Jan 24
Stock Market Trend Forecast Review - 31st Jan 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Will ChatGPT Kill College?

Personal_Finance / AI Mar 29, 2023 - 10:57 PM GMT

By: Stephen_McBride

Personal_Finance

A message from a reader… The new ChatGPT just came out… Will it be the nail in the coffin for thousands of colleges across America?

  1. At least with healthcare, you get something for your money. College, on the other hand...

A reader wrote me after I called healthcare “America’s most broken industry.”

He said that title should go to our education system.



He continued:

People pay many tens of thousands of dollars (if not 100K+) for degrees that won't get them a job anywhere except maybe at a university teaching that same useless subject to other gullibles.

Public schools are turning out illiterate students for God-awful amounts of money. It is *very* broken.

I agree college seems to be crippling kids more than helping them these days—both financially and in their ability to think critically.

I’ve been writing about the death of college since 2019.

Back then, it was one of my most controversial ideas. Today? It’s becoming more and more of a reality...
  1. College used to cost a reasonable amount of money.

As recently as 1980, you could get a four-year bachelor’s degree at a public school for less than $10K, on average.

These days, it’ll cost you $40K at a minimum… $140K for a private school... or well over $250K for a top school.

And as our reader pointed out, a college degree doesn’t guarantee you a high-paying job.

Sure, there are some professions that require a college degree.

If you want to be a doctor, going to school is a must. But the vast majority of teenagers aren’t training to be surgeons.

Hundreds of thousands of American kids sign up to get “business” degrees each college semester. Yet… there’s no skill called “business.”

Simply put, college is a waste of money for many kids. And they’re finally realizing it...

In fact, since my essay in 2019, college enrollment has plunged by more than one million students. This marks 11 years in a row of falling college enrollments. College is in a bear market.

And now, this trend is about to accelerate in a BIG way…

  1. By now, you’ve heard of ChatGPT. Well, now there’s a newer, better version: ChatGPT-4.

This latest version of the popular AI chatbot was released last week.

For now, it’s only available to paying subscribers. The free ChatGPT version still runs on the prior version: GPT-3.

But GPT-4 is much better

The old version can generate up to 4,000 words. GPT-4 generates up to 25K words.

GPT-4 does much better with school tests. It passed a law school exam and scored in the top 10%. The old version passed it too but scored in the bottom 10%.

The new ChatGPT is also unique in its ability to recognize images. For example, you can take a snapshot of your fridge and it will create a three-course meal from the available ingredients.

ChatGPT-4 can write lawsuits, take SATs, and tell you how to extract DNA from an apple...

But here’s the best part:

  1. ChatGPT-4 can teach!

You can personalize it to teach in any style.

I’ve seen dozens of examples on the internet of parents tutoring kids using it.

In other words, kids are getting their own AI teachers. They’ll read, play, and learn about the world together.

It’ll be like having a personal tutor with unlimited time, patience, and knowledge to teach any subject.

And this isn’t years and years away. It’s happening now…

  1. Have you tried Duolingo (DUOL)?

It’s a popular app that turns learning languages into a fun game.

And it’s now equipped with GPT-4.

Any time you make a mistake, you can ask the app why you were wrong, and GPT-4 will explain it.

Duolingo also uses the AI to create random roleplay scenarios, so you don’t practice the same conversation over and over again.

Khan Academy is another organization using GPT-4 for teaching.

It offers thousands of lessons in math, science, history, and other classes for students of all ages.

It just released Khanmigo, a GPT-4-powered AI tutor which adapts to each student’s learning style and level.

I expect hundreds of Khanmigo-like tutor apps will hit the market in the coming years.

  1. ChatGPT’s only been around for four months. And the tech behind it has been around for less than three years.

Each new version gets exponentially better.

GPT-3 uses 175 billion parameters to generate answers. GPT-4 will use 100 trillion.



Source: becominghuman.ai

And rumors say GPT-5 will be trained on 69 quazillion parameters.



Source: Twitter @ChatGPT_OpenAI

Imagine how powerful GPT-6 or 7 will be.

ChatGPT can already teach middle and high school classes.

How long before it takes you through an entire four-year business degree… for FREE?

Mark my words: ChatGPT will disrupt college forever.

Now, of course, this won’t happen to every college in America. Top schools like Harvard and Yale will always attract elite kids and command huge tuitions. They’re “disruption proof.”

But the thousands of schools selling “standard-issue” degrees are in deep trouble.

I predict at least half of the 6,000 middle-of-the-road US colleges will go bust in the next decade because of disruptors like ChatGPT.

Stephen McBride

Chief Analyst, RiskHedge

To get more ideas like this sent straight to your inbox every Monday, Wednesday, and Friday, make sure to sign up for The RiskHedge Report, a free investment letter focused on profiting from disruption.

Expect smart insights and analysis on the latest breakthrough technologies, the big stories the mainstream media isn't reporting on, and much more... including actionable recommendations.

Click here to sign up.

© 2023 Copyright Stephen McBride - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in