{"674438":{"#nid":"674438","#data":{"type":"news","title":"Students Win Klaus Startup Challenge, Dive into $5B Market with AI-driven Teaching Tool","body":[{"value":"\u003Cp\u003EA student startup company that uses generative artificial intelligence (AI) to teach individuals the latest programming languages has earned a potential seven-figure initial valuation.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EAs winners of the 2024\u0026nbsp;\u003Ca href=\u0022https:\/\/www.cc.gatech.edu\/klaus-startup-challenge\u0022 target=\u0022_blank\u0022\u003EKlaus Startup Challenge at Georgia Tech\u2019s College of Computing\u003C\/a\u003E, the founders of InstructAI have been offered $100,000 in seed funding for a 10% equity stake in their company. If the team accepts the offer, the valuation of the company would be $1,000,000.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe investment offer is from\u0026nbsp;\u003Ca href=\u0022https:\/\/fusen.world\/about\u0022 target=\u0022_blank\u0022\u003EFusen, a nonprofit organization founded by philanthropist and Georgia Tech alumnus Christopher W. Klaus\u003C\/a\u003E\u0026nbsp;in 2022 to empower student entrepreneurs.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EInstructAI is an AI-powered tutoring platform offering customized lessons in NumPy Basics, Python Data Structures, React, and other coding and programming resources. The platform lets users tailor courses based on their schedule, skill level, and learning objectives.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe team, computer science (CS) majors and entrepreneurs\u0026nbsp;\u003Cstrong\u003EArnav Chintawar\u003C\/strong\u003E,\u0026nbsp;\u003Cstrong\u003EDhruv Roongta\u003C\/strong\u003E, and\u0026nbsp;\u003Cstrong\u003ESahibpreet Singh\u003C\/strong\u003E, says online programming instruction is a $5 billion global business opportunity.\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003EHowever, its research finds that current learning models for self-instruction are ineffective and that a one-size-fits-all approach doesn\u2019t work for most students.\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u201cOur surveys revealed that only 10% of students successfully learn programming from YouTube while other online platforms have a completion rate between 20 to 30%,\u201d says Roongta.\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u201cNearly 80% of students complain about a lack of guidance and help on other platforms.\u201d\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/www.instructai.dev\/\u0022 target=\u0022_blank\u0022\u003EInstructAI\u003C\/a\u003E\u0026nbsp;has a student completion rate of 62%. It achieves this by offering a personalized learning experience with an AI-based instructor available 24 hours daily for guidance and review. The platform features self-adaptive content for students, which the founders call \u201cautomated pill-sized course generation.\u201d\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u201cOur platform ensures that students learn from real-world coding tasks that challenge them to apply what they have learned while reinforcing their knowledge and building their skill sets,\u201d said Roongta.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe InstructAI team sees opportunities for its platform in business-to-business and business-to-consumer markets. It personalizes introductory programming courses, including Georgia Tech\u2019s\u0026nbsp;\u003Cem\u003E\u003Ca href=\u0022https:\/\/sites.cc.gatech.edu\/classes\/AY2016\/cs1301_spring\/syllabus.html\u0022 target=\u0022_blank\u0022\u003ECS 1301: Intro to Computing\u003C\/a\u003E\u003C\/em\u003E, for individual students. It can also help prepare students for internships with leading tech companies.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe platform\u2019s ability to generate courses of varying lengths and skill levels, coupled with an AI-powered teaching assistant, makes InstructAI ideal for universities and other school systems.\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u201cWe also think it\u2019s a great way for businesses to upskill their employees through customized courses. InstructAI could help to bring new employees up to speed quickly on the latest programming languages,\u201d said Roongta.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EHe adds that the team is seeking feedback from its customers and prospects so they can continue to update and improve the product.\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u201cIn the short term, we aim to sell to more educational institutions and businesses so they can create better courses. In the long term, our goal is to create the best method to learn programming,\u201d said Roongta.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EWinning the Klaus Startup Challenge was not the team\u2019s first taste of entrepreneurial success.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe\u0026nbsp;\u003Ca href=\u0022https:\/\/www.cc.gatech.edu\/news\/cs-majors-win-best-hack-health-app-visually-impaired\u0022 target=\u0022_blank\u0022\u003Eteam won multiple awards\u003C\/a\u003E, including Best Hack for Health, Best Use of Zilliz, and Best Use of GitHub at Cal Hacks\u0026nbsp;10.0, a hackathon organized by a University of California Berkeley student group. The team won for JARVIS,\u0026nbsp;an AI-powered app that empowers visually impaired people to lead more independent lives.\u003C\/p\u003E\r\n","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EThree CS majors have earned a $100,000 investment offer for winning the 2024 Klaus Startup Challenge, an annual student entrepreneurial competition sponsored each year by the College of Computing, for its AI-powered programming tutorial platform, InstructAI.\u003C\/p\u003E\r\n","format":"limited_html"}],"field_summary_sentence":[{"value":"These CS majors are best friends and have won several top prizes in student entrepreneurial competitions."}],"uid":"32045","created_gmt":"2024-04-30 14:50:28","changed_gmt":"2024-05-13 14:17:24","author":"Ben Snedeker","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2024-04-30T00:00:00-04:00","iso_date":"2024-04-30T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"673886":{"id":"673886","type":"image","title":"InstructAI founders and CS majors Arnav Chintawar, Dhruv Roongta, and Sahibpreet Singh earned a $100,000 offer for winning the Klaus Startup Challenge","body":null,"created":"1714488637","gmt_created":"2024-04-30 14:50:37","changed":"1714488637","gmt_changed":"2024-04-30 14:50:37","alt":"InstructAI founders and CS majors Arnav Chintawar, Dhruv Roongta, and Sahibpreet Singh earned a $100,000 offer for winning the Klaus Startup Challenge","file":{"fid":"257337","name":"InstructAI team check-march24.jpg","image_path":"\/sites\/default\/files\/2024\/04\/30\/InstructAI%20team%20check-march24.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/2024\/04\/30\/InstructAI%20team%20check-march24.jpg","mime":"image\/jpeg","size":164536,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/2024\/04\/30\/InstructAI%20team%20check-march24.jpg?itok=y-UmBvRm"}}},"media_ids":["673886"],"groups":[{"id":"47223","name":"College of Computing"}],"categories":[{"id":"193158","name":"Student Competition Winners (academic, innovation, and research)"}],"keywords":[{"id":"10199","name":"Daily Digest"},{"id":"181991","name":"Georgia Tech News Center"},{"id":"137161","name":"CREATE-X"},{"id":"182184","name":"CREATE-X; computer science"},{"id":"11101","name":"Christopher Klaus"}],"core_research_areas":[],"news_room_topics":[{"id":"71871","name":"Campus and Community"}],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EBen Snedeker, Communications Manager\u003Cbr \/\u003E\r\nGeorgia Tech College of Computing\u003C\/p\u003E\r\n\r\n\u003Cp\u003Ealbert.snedeker@cc.gatech.edu\u003C\/p\u003E\r\n","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}