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Pearson's Pretax Profit Rises; Extends Share Buyback Plan by GBP200 Mln -- Update - Vimarsana News

Pearson's Pretax Profit Rises; Extends Share Buyback Plan by GBP200 Mln -- Update

By Najat Kantouar Pearson reported a higher pretax profit for 2023 despite lower sales and said that it is extending its share buyback program by a further...

Pearson PLC Names Omar Abbosh as its New Chief Executive Officer - Vimarsana News

Pearson PLC Names Omar Abbosh as its New Chief Executive Officer

By Joe Hoppe Pearson said it has appointed Omar Abbosh as its new chief executive officer, effective early 2024 and succeeding current CEO Andy Bird, who has...

Chegg Stock Nearly Cut in Half After Warning That ChatGPT Is Hurting Growth - Vimarsana News

Chegg Stock Nearly Cut in Half After Warning That ChatGPT Is Hurting Growth

Study-materials provider sees an increase in student interest in generative AI

Source: wsj.com
AI Disruption Deepens With Chegg Plunge, IBM Hiring Halt, Samsung Chatbot Ban - Vimarsana News

AI Disruption Deepens With Chegg Plunge, IBM Hiring Halt, Samsung Chatbot Ban

The speed of disruption brought on by a worldwide rush into artificial intelligence was on full display this week, sending shares of education-technology company Chegg Inc. plunging, prompting IBM to halt some hiring and prompting a chatbot ban at Samsung Electronics Co.