Coursera Says It Can Win AI, Despite What the Numbers Say -- Market Talk

Dow Jones10-25

1054 ET - "I really believe that we are going to be AI winners," Coursera CEO Jeffrey Maggioncalda tells analysts on a call. He says the company's growth rates may suggest otherwise -- but it's positioned to partner with traditional institutions to meet AI upskilling demand. "I don't think they can do it without someone like us, but because they are not fast, we are not seeing growth rates happen as quickly as we would like, " he says. Coursera's generative AI courses and credentials saw more than 300 million enrollments this year. Despite beating revenue expectations, the company lowered its 2024 guidance Thursday, citing consumer trends. Shares fall 7.5%. (jasmine.li@wsj.com)

(END) Dow Jones Newswires

October 25, 2024 10:54 ET (14:54 GMT)

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Coursera's generative AI courses and credentials saw more than 300 million enrollments this year. Despite beating revenue expectations, the company lowered its 2024 guidance Thursday, citing consumer trends. Shares fall 7.5%. 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