Pearson profits soar as the educational resources group calms investor fears on AI revolution

Pearson said it was on track to meet targets as profits surged 24% to £236m, while sales were up 5% to £1.8bn in the six months to the end of June.

The educational resources group said profits surged 24 per cent to £236million, and sales increased 5 per cent to £1.8billion in the six months to the end of June. California-based online learning service Chegg largely blamed the chat bot for its 5 per cent drop in subscribers in May – sending Pearson shares down as much as 15 per cent in one day as a result.

Via: dailymail.co.uk