Carol Massar

Yeah, the company said it would step up investment in AI and sacrifice some degree of monetization in order to accelerate user growth and engagement.

The goal, double the current number of daily active users to 100 million in 2028.

Great to be talking again with a member of the Duolingo C-suite.

Back with us, Luis Von Ahn, co-founder, chairman.

President and CEO of Duolingo, he joins us from New York.

Luis, always good to see you.

We're going to talk about the quarter and the outlook in a minute, but I want to start big picture with AI because, I mean, you've been thinking and researching AI for decades at this point.

You were a recipient of a MacArthur Genius Foundation grant back in the year 2006 for working on AI.

This is nothing new to you, what's happening right now.

But answer the question for investors, is AI a threat to your business?

So what are investors not getting right in your view?

Carol mentioned some of the stock moves and now down at a point that you haven't seen since February of 2023.

What are investors missing here?

Luis, is the idea in making changes to the free tier, is it to get more people who don't use Duolingo now to use the free tier, or is it to get those free-tier users to upgrade to a paid tier?

I'm at 355, I think, on my Duolingo.

How many days?

I'm almost at a year.

For company shares, stock tumbled 10% on Monday on the AI scare.

Worries again, Carol, over the impact of AI on companies and industries.

Shares, though, rallied back close to 17% in the next three days, thanks to a calming down a little bit in the trade.