The Financial Times says shares in the education sector fell sharply yesterday as investors bet that artificial intelligence could upend business models. 

US company Chegg, which provides online study guides, said that a “significant spike in student interest” in AI tool ChatGPT was harming its customer growth. The paper says it marks “one of the first instances of a company acknowledging a hit to its finances as a direct result of advances” in the technology.

The front page features an image of striking nurses and reports nurses are waiting for a better pay offer after most NHS unions accepted a 5% pay rise.