Two years ago, cryptocurrency and non-fungible tokens were hyped as life-changing technologies destined to turn the world on its head, sparking a digital Gold Rush unlike anything we’d ever seen. Last year, the metaverse was similarly billed as a revolutionary virtual world designed to alter every part of our lives immediately. This year, 2023, has been all about artificial intelligence, including how AI pertains to higher ed.
Generative platforms, such as ChatGPT, are now capable of producing endless content and even passing state bar exams. Other AI-enabled tech can diagnose an illness, shop online and drive cars. Those are just a few of thousands of estimated AI functions available, and experts predict the number will continue to grow exponentially in the months and years ahead.
AI’s impact has inevitably spread into higher education, affecting the way students approach admissions and schoolwork, as well as how universities teach classes. Most notably, the tech has influenced how colleges are spending their money. More than 15 higher-ed institutions across the United States have announced major plans to invest in AI-related programs, spending oodles of combined dollars to build dozens of new facilities and bring on hundreds of new faculty in the coming years.
But is AI worth the hype, or will it follow in the largely unfilled footsteps of crypto, NFT and the metaverse? Interviewed university leaders, professors and consultants say the answer is somewhere in between.