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The CEO of this edtech company says AI can help unlock growth in the space. Here’s how

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PowerSchool CEO Hardeep Gulati said the market has a 'complete misunderstanding' of the threat AI poses to his company.

Online education company Chegg's warning last week about the dent ChatGPT has put in its business sent the stocks of many edtech firms reeling, but the market is making a mistake putting all of these companies in the same bucket, PowerSchool CEO Hardeep Gulati told CNBC in an interview. The market has a "complete misunderstanding" of the threat AI poses to PowerSchool, he said.

mountain Chegg shares fell to a low of $8.72 on May 2.

 

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