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Duolingo Stock Targets Up to $600 as Analysts Back AI-Driven Growth Story

Pelican Press

By Pelican Press,
in World News

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Two years after the AI hype began, in early 2024, language-learning company Duolingo (NASDAQ:) cut 10% of contract workers as it shifted to AI-powered app content. In late April, Duolingo CEO Luis von Ahn doubled down, informing the workforce that all contract workers will be replaced by AI. Furthermore, he said the company will hire new employees only if existing teams prove unable to automate…

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