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As the partnership between ETS and PSI grows, their impact on education and workforce development is expected to be profound. The deal highlights strategic synergy and reflects a broader shift toward lifelong learning and career advancement.


Officially closing on January 25, 2024 at an undisclosed deal amount, the acquisition is said to create “a robust end-to-end suite of products and services” in workforce skills testing and development. ETS and PSI say they jointly deliver nearly 50 million tests annually across more than 200 countries around the world to serve governments, institutions, and industry.

The Davos 2024 forum, part of the World Economic Forum, emphasized the critical need for workforce reskilling and upskilling in response to technological advancements and shifting job landscapes. The Future of Jobs Report 2023 predicts significant job transformations, with 69 million new roles emerging and 83 million being phased out, especially in digital, green, and energy sectors.

ETS India forges new strategic partnership to boost global education opportunities

This initiative offers comprehensive solutions, including scholarships and test fee discounts for GRE® and TOEFL® exams. Concurrently, ETS India has joined forces with Digii to integrate its assessments with Digii’s digital campus platform, enhancing the study abroad process for Higher Education Institutions.

Baims acquires Orcas, bolsters MENA EdTech leadership

This merger combines Baims’ specialized online courses with Orcas’ personalized tutoring, creating a robust educational platform. Supported by key investors and focusing on market expansion, particularly in Saudi Arabia, the new entity aims to revolutionize education in the MENA region, addressing both learning and employment challenges.

Businesses embrace AI, technology amid uncertainty, challenges in 2024

While not every sector anticipates significant growth in the new year, some confront strict budget cuts and the urgency to swiftly identify efficiency savings. Julie Mercer, the UK office lead at Nous Group, notes that the UK’s education sector, in particular, grapples with several challenges, requiring organizations to make tough strategic decisions.

The AI Alliance focuses on developing global standards, advancing open foundation models, boosting the AI hardware ecosystem, fostering global AI skills and research, and promoting safe AI development. Members range from AI tool creators to universities and hardware builders, with IBM and Meta at the forefront.

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