Anthropic’s new AI legal tool wipes billions off European data stocks AI Shares in Europe’s biggest data, publishing and legal software groups slumped after AI giant Anthropic unveiled a new tool aimed directly at in-house lawyers. The move rattled investors who had long viewed the sector as an AI winner. In London, Relx fell close to 11 per cent, while Pearson dropped around four per cent. London [...]
Businesses are bracing for trans policy rewrites Business Campaigners and watchdogs say the Supreme Court’s recent ruling on trans inclusion in the Equality Act brought clarity. But for bosses, the topic is likely to become even more of a minefield, says Ali Lyon. Ever since her appointment as chair of the UK’s human rights watchdog in 2020, Baroness Falkner has been convinced that [...]
Pearson’s stock price falls after revenue slowdown Business Academic publisher Pearson saw its stock price fall almost three per cent in early trading after reporting a slowdown in quarter-on-quarter organic growth. “Pearson’s transformation from being an owner of media titles like the Financial Times and selling expensive physical academic books to a company at the forefront of digital education has not been without [...]
Microsoft and FTSE firm Pearson tie up AI deal after UK action plan January 15, 2025 Microsoft and London-listed education giant Pearson have announced a multiyear partnership to address the global skills gap in artificial intelligence, as the UK prioritises AI. This collaboration will combine Microsoft’s cloud and AI technologies with Pearson’s learning and assessment expertise to provide AI tools. It will also offer tailored learning and certifications for workers and [...]
Pearson: Educational publisher starts to reap rewards of AI October 29, 2024 Pearson said it is starting to see “commercial benefit” from the integration of artificial intelligence (AI) into its services. The education publisher said there have been over five million student interactions with its higher education AI study tools in the nine months to September, leading to double-digit year on year billings growth in its higher [...]
The UK tech and media companies making the most of AI August 16, 2024 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 July 29, 2024 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 April 26, 2024 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.