Reported about 6 hours ago
In a recent interview, McGraw Hill CEO Simon Allen reflected on the implications of the Trump administration's aggressive changes to the U.S. education system, including the planned closure of the Department of Education and significant budget cuts. While these changes may affect demand for traditional educational materials, Allen believes McGraw Hill remains essential in providing learning resources. However, the rise of AI tools like ChatGPT poses a potential threat to their products and market position, contributing to a lukewarm response to their recent IPO. Despite a slight increase in sales, the company's stock has faced downward pressure.
Source: YAHOO