Binance co-founder Changpeng 'CZ' Zhao wants to provide free education to one billion children worldwide through his Giggle Academy project. He announced this at the Token2049 event in Dubai, United Arab Emirates (UAE).
'In a few years, I think I will want to educate 100 million or 1 billion children for free,' Zhao told the audience.
Giggle is a free online platform that provides primary education through playful lessons.
'With the technology we have today, it's not that hard to create an app that is memorable, educational, and keeps kids engaged with the device,' said the crypto entrepreneur.
The concept document for Giggle outlines the project's goal—to provide free education to schoolchildren around the world by sequentially offering unconventional educational courses on topics such as negotiation, finance, entrepreneurship, sales, law, accounting, blockchain, and artificial intelligence.
In April 2024, Binance co-founder announced that he is leaving the company to focus on educational initiatives. At that time, he was preparing to serve a four-month prison sentence for violating U.S. money laundering laws. Zhao was released from prison in September 2024.
The growing role of generative AI in education
Zhao also spoke about the active use of generative AI in creating educational materials for Giggle Academy—a growing trend in online and traditional education.
In June 2023, Japan's Ministry of Education, Culture, Sports, Science and Technology announced that it would allow limited use of generative AI in schools, including ChatGPT, to facilitate discussions and teaching in the classroom.
In February 2024, as part of an early pilot program, KTCT High School in Thiruvananthapuram, Kerala, India, introduced a humanoid AI teacher in one of its classrooms.
Andrej Karpathy, former head of Tesla and OpenAI, founded Eureka Labs in July 2024—a startup focused on creating AI-powered teaching assistants. The startup's goal is to provide students worldwide with expert-level education and overcome language barriers.
'This symbiosis of teacher and AI could launch an entire curriculum of courses on a common platform. If we succeed, anyone will be able to easily learn anything,' wrote Karpathy in July 2024.