alt Hacker NewsMany of the 3rd-tier institutions are going to go bankrupt anyway. Demographic changes had already made that inevitable but AI has accelerated the timeline. If they want to survive at all then they'll need to reinvent themselves as vocational training facilities or senior assisted living or something. This is going to be rough for the faculty, and will make the process of finding a tenure track teaching position even more brutal.
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All of them will. There's zero value in higher education nowadays. In fact I'd argue there's negative value. An inquisitive 13 year old backed by AI can be more productive and resourceful than a team of 100+ Ivy League educated PhDs. Sad, but true. And this is today. Fast forward twenty years after massive AI augmented improvements of hardware and more advanced models have occured and it's game over.
> Many of the 3rd-tier institutions are going to go bankrupt anyway
Source? I have been reading this every year since like the financial crisis.