At AI Summit New York 2019 Riiid was the only Korean startup to deliver a keynote speech, presenting the firm's successful footprint, the future direction for research in AI-powered education and the EdTech industry.
FREMONT, CA: A global AI tutor solution provider, Riiid joined the AI Summit New York, which took place at the Jacob Javits Center from December 11 to 12, 2019. Riiid is the only Korean startup at the AI Summit, delivered a keynote speech, presenting the firm’s successful footprint, the future direction for research in AI-powered education, and the EdTech industry.
The AI Summit is one of the world-leading AI events aimed at business leaders. It is held annually in San Francisco and New York in the US, providing a platform where industry leaders gather to discuss the latest developments in AI technology, its applications, and the direction for future growth.
Based on deep learning and machine learning technology, Riiid has developed Santa TOEIC, an AI tutor designed for TOEIC (Test of English for International Communication) test prepping students. TOEIC is a must-take English proficiency test for most of the job applicants in Korea as the total number of test-takers exceeds two million every year. By offering a differentiated and individualized learning approach, Riiid’s solution empowers students to boost their scores significantly.
CEO of Riiid, Y.J. Jang says, “Riiid is leading the paradigm shift of education from an industry driven by marketing, content, and people, to one that is powered by technology.” He also added that “We apply the deep learning technology as well as blockchain technology to motivate students to study more and reward them.”
According to Riiid, ‘technological transparency’ and ‘practical precision’ are crucial factors to ensure that AI technologies will be able to develop further and set the tone for the education sector. For the much contributions of the company in AI and educational tech, the company was listed among the Top 10 EdTech Startups in APAC 2019 by the Education Technology Insights and featured in the magazine earlier this year.
The fourth year of the AI Summit New York brought together several global tech giants such as Facebook, Microsoft, Google, and IBM. Other leading companies from different industries are PayPal, JP Morgan Chase, PepsiCo, ExxonMobil, MasterCard, and Walmart to share their experiences in AI deployment.