OpenLearning (ASX: OLL) has inked a AU$1 million-plus agreement with Asia Pacific International College (APIC) for AI units in their Master of Information Technology program. APIC, serving over 4,000 students annually, will integrate OpenLearning's AI-powered platform for three AI units, aiming to generate an additional AU$10 million in revenue. OpenLearning will offer technical support, staff training, and analytics services.
The fees are usage-based, with AU$0.35 million in 2024 and AU$0.36 million annually for the next two years. Developed by OpenLearning's specialists, these units combine cutting-edge AI technology with academic expertise. The collaboration aims to meet industry demands by offering adaptable courses. OpenLearning is exploring similar collaborations in the tech and health sectors. The deal, deemed commercially beneficial, underscores OpenLearning's commitment to shaping the next generation of AI professionals.
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