The UK tech and media companies making the most of AI Tech As the artificial intelligence (AI) revolution sweeps through the tech and digital media sectors, some companies are embracing its potential more effectively than others, according to a recent report by Shore Capital. The investment firm has zeroed in on companies where AI is more than just a buzzword and can “accelerate an already positive investment [...]
Pearson boss forecasts ‘rapid advances’ in AI as profit holds Business In a statement, Pearson said its outlook for profit, sales and tax remained in "in line" with market expectations.
Pearson ‘pleased’ with pivot to AI but Virtual Schools slow again Tech Pearson is integrating artificial intelligence (AI) into its suite of educational products as it looks to modernise.
Pearson: Publisher turns page with leap in profit as it launches fresh £200m buyback March 1, 2024 Pearson PLC has reported a year of profit and is trading in line with expectations.
Pearson’s virtual schools slow amid tech drive for publisher January 17, 2024 Pearson has reported a 20 per cent slowdown in its virtual learning unit as it attempts to pivot to become a tech-first company.
Pearson chief retires as publisher turns new tech page September 20, 2023 Omar Abbosh joins Pearson as new chief executive as Andy Bird, who has led the company for three years, hands in his retirement notice.
Pearson profits soars over 50 per cent as AI strategy pays off July 31, 2023 Pearson has posted a strong first half of the year after it has started to embrace Artificial Intelligence in May. The London-based publisher said on Monday that it achieved a 56 per cent increase headline growth, with its adjusted operating profit up to £250m. The listed firm also said there had been 44 per cent [...]
Pearson integration of AI appears to excite investors as share price rises May 9, 2023 Educational publisher Pearson is embedding AI across its products as the AI race heats up and the technology encroaches on the edtech sector. The London-based publisher said on Tuesday that projects to embed generative artificial intelligence (AI) technology — meaning tools which can create new content from large data sets — were already “well underway.” [...]
Pearson shares slump after ChatGPT hits rival US online education firm May 2, 2023 Shares in London-listed educational publisher Pearson fell today after US rival Chegg warned that ChatGPT was having a negative impact on its business. The California-based online learning platform said today that ChatGPT was starting to have a negative impact on the number of students using the platform, as it reported a seven per cent slump [...]
Pearson reports strong quarter as it announces £300m share buyback April 28, 2023 Educational publisher Pearson said the start of the year has been strong, with results ahead of expectations in the initial months. The company reported sales had grown by 2 per cent across the business, but excluding a unit that it has agreed to sell and the hit from running a strategic review, sales were up 6 per [...]