Boss of education giant shrugs off investor AI fears

THE boss of education giant Pearson has brushed aside shareholder concerns that the company’s services could be usurped by the rising use of Al chatbots.

- SIMON HUNT

Earlier in the year the education giant was one of a number of London-listed data and software-led stocks, including the likes of Sage and Relx, that suffered steep selloffs amid investor anxieties over the prospect of general-purpose AI tools supplanting specialist programmes.

But Pearson chief executive Omar Abbosh was adamant that the firm’s services would continue to see growing demand in the year ahead.

“T have empathy with these investors who are trying to see the wood for the trees given the sheer rate of AI innovation,” said Abbosh.