Large announced On Wednesday, he obtained quarterly estimates of revenues, despite the fact that the company stood in the face of universal slack, deciding to accept generative artificial intelligence over people. Stock Duolingo Rose almost 30% In news.
In April, CEO Luis von Ahn common It will be a large company that will become the “AI-First” company, expressing the use of contract workers. He also advised against teams with employing more employees, unless the team is unable to automate more work. Thanks to the use of generative artificial intelligence, Duolingo introduced 148 new language courses, above the doubles of his previous offers.
“Without artificial intelligence, it would take us to scale our content to more students,” wrote von Ahn. “We owe our students to get this content as soon as possible.”
While some Duolingo users argued that these AI functions deteriorate the application, the company's financial indicators tell a different story. Now the company predicts Earning over $ 1 billion of revenues this year, and everyday active users increased by 40% year on year. The growth is significant, but falls in a lower range of estimates of the company regarding an increase from 40% to 45%, which the investor brought to von Ahn in the Wednesday quarterly call for earnings.
“The reason we arrived (in the middle) in the lower part was that I said a few things about AI and did not give enough context. For this reason we received some reaction in social media,” said von Ahn. “The most important thing is that we wanted to make sentiment in our social media positively. We stopped publishing sharp posts and began to publish things that would ensure our sentiment. It worked.”
In Tiktok, the most important comments about Duolingo movies often remain criticized by the company's AI approach. Snarky commentators will ask if the films with many people are made of AI, to which Duolingo will answer: “No. Made by our great team!”
But even if public moods towards Duolingo have changed, its lower line is not … and the company's perspective, it is important.
