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Shares of Duolingo (DUOL) are plunging after the company released a mixed earnings report. Duolingo CEO Luis von Ahn joins Morning Brief to discuss the company's growth outlook amid this market reaction.
"We're growing in every region," von Ahn tells Yahoo Finance, adding, "One thing that is really interesting is that even regions that are pretty mature for us are still growing fast."
Addressing the company's substantial investments in artificial intelligence (AI), von Ahn explains, "We're in a unique point in time with artificial intelligence." He outlines Duolingo's plans to continue investing in the technology through the first half of 2025, emphasizing that these investments focus on creating content and conversational practice capabilities for their platform, which he expects will ultimately help reduce operational costs for the business.
Von Ahn believes the AI strategy is "the right thing to do at the moment."
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This post was written by Angel Smith