Welcome to our dedicated page for Pearson news (Ticker: PSO), a resource for investors and traders seeking the latest updates and insights on Pearson stock.
Pearson plc (PSO) is a global leader in educational publishing and digital learning solutions, serving millions of learners and institutions worldwide. This dedicated news hub provides investors and stakeholders with timely updates on corporate developments, strategic initiatives, and market positioning.
Access authoritative coverage of Pearson's financial announcements, including earnings reports, partnership agreements, and technology innovations in digital assessment platforms. Our curated collection features press releases on certification program expansions, AI-driven learning tools, and international education projects.
Key updates include regulatory filings, leadership changes, and analysis of Pearson's transition toward subscription-based digital services. Users can track the company's progress in professional certification markets through Pearson VUE developments and workforce skills initiatives.
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Pearson reports significant growth in the adoption of its generative AI study tools, integrated into Mastering and Pearson+ eTextbooks. Over 70,000 students from 1,000 institutions have interacted with the tools more than 2 million times. These AI tools help students understand complex topics, leading to increased engagement and efficiency in their study sessions.
According to a survey by Pearson and Morning Consult, 51% of students claimed AI tools improved their grades, and 56% found them made studying more efficient. Pearson plans to expand these tools to 50 MyLab and Mastering titles, aiming to reach millions of students by Fall 2024.
Pearson's Connections Academy has partnered with SEMI Foundation to provide high school students, families, and educators with unique experiences in the semiconductor industry. This collaboration aims to offer internships, apprenticeships, scholarships, and digital badging. The semiconductor industry, projected to grow by 80% to 460,000 workers by 2030, is a critical sector supported by a $350 billion investment over 20 years from the CHIPS and Science Act. Pearson aims to address the talent gap by engaging early talent through this partnership. Connections Academy's college and career readiness programs launched in spring 2023 will also benefit from this initiative.
PDRI by Pearson (FTSE: PSON.L) has been awarded the Top Workplaces 2024 honor by the Washington Post, based on employee feedback collected through a survey by Energage This survey measures themes such as feeling respected, supported, and empowered. PDRI's commitment to industrial and organizational psychology, which it applies to both clients and its own workforce, has been validated by this award. CEO Elaine Pulakos highlighted the importance of a great team and an environment that fosters growth and collaboration as keys to their success.
SAE International has partnered with Pearson VUE to deliver the new Electric Vehicle Supply Equipment (EVSE) Technician Certification, starting May 2024. This certification aims to address the shortage of qualified EV technicians globally. The program is tailored for individuals transitioning into green technology or validating existing expertise. Candidates must meet eligibility requirements and pass a rigorous exam developed by SAE ITC Probitas Authentication. The certification will initially launch in the US and expand internationally. Pearson VUE will utilize its global test centers and online-proctoring platform to facilitate the exams.
New research from Pearson, a leading learning company, indicates that Generative AI could save UK workers 19 million hours per week by 2026. The report, part of Pearson’s Skills Outlook series titled 'Reclaim the Clock: How Generative AI Can Power People at Work', highlights that tasks such as maintaining records, data collection, and preparing reports could be significantly streamlined by AI. The study analyzed the impact across five countries: Australia, Brazil, India, UK, and the US, identifying the top 10 tasks that would benefit most from AI. The findings suggest that AI can free up time for more strategic, human-centric work and improve work-life balance.
Pearson's latest research, part of their Skills Outlook series, reveals that Generative AI could help US workers save 78 million hours per week by 2026. The study, titled 'Reclaim the Clock: How Generative AI Can Power People at Work', identifies the top 10 job tasks where AI can save the most time, such as maintaining health records and developing educational programs. The research covers five countries: Australia, Brazil, India, UK, and US. Pearson's workforce planning platform highlights that AI can effectively support tasks like data collection and maintaining records. By augmenting routine tasks with AI, companies can allow employees to focus on high-value activities like strategic thinking and collaboration. The study emphasizes the need for employers to integrate AI responsibly and provide adequate training and support for employees.
Pearson announced the integration of AI study tools into its Nursing: A Concept-Based Approach to Learning series, aiming to improve nursing education and address workforce shortages. These tools provide personalized support, including guided help with homework, summaries, and practice problems. The integration is set to be available by Fall 2024 in Pearson+ eTextbook and MyLab Nursing course. This move addresses the significant need for more nurses and nurse educators as highlighted by the National Academy of Medicine. A recent survey found 75% of students found the AI tools helpful. Pearson plans further AI integration across various subjects by August 2024.
Pearson's recent research reveals that 69% of UK secondary students want more education about generative artificial intelligence (Gen AI). Nearly 74% believe learning about Gen AI is important for their future, with 38% already using AI tools like ChatGPT daily and 64% considering it vital for their careers.
In response, Pearson launched the Edexcel Extended Project Qualification (EPQ) pathway, allowing A-level students to study Gen AI's role and ethics. The EPQ in AI literacy is equivalent to half an A level and can be integrated into sixth form studies, attracting up to 28 UCAS points.
Despite the enthusiasm, 48% of students feel other countries are ahead in AI education, 22% are unsure what AI is, and 43% lack confidence in understanding AI risks. Pearson aims to address these gaps with their Gen AI literacy pathway, preparing students for an AI-driven future.
Pearson's Connections Academy has partnered with the Future Business Leaders of America (FBLA) to provide middle and high school students with practical experiences in business and IT careers. This strategic alliance aims to bridge the gap between academic learning and professional environments by offering real-world experiences and connections to FBLA's collegiate and industry partners. According to the U.S. Bureau of Labor Statistics, employment in business, finance, and IT is projected to grow significantly, highlighting the importance of early career development. The partnership includes mentorship, training, and participation in competitive events, helping students develop essential skills like leadership, communication, and technical expertise. The initiative also offers a tri-credit approach that allows students to earn high school credit, micro-credentials, and college credit simultaneously.
PDRI by Pearson has released a virtual interview tool on its Palladium assessment platform to revolutionize the hiring process by providing structured interviews that predict candidate performance accurately. The tool incorporates best practices from industrial and organizational psychology, ensuring fair and unbiased hiring decisions. PDRI's assessment platform, Palladium, offers a seamless assessment experience with modern interfaces and stringent security standards.