Multiverse reported a 29% sales increase to £58.4 million for the year ending March 2024, driven by rising demand for AI-focused trainings. However, losses soared to £60.6 million due to high administrative expenses. The company, founded by Euan Blair, has transitioned from matching school leavers to apprenticeships to upskilling existing employees across various sectors, including healthcare. Recent AI program acquisitions have enhanced gross margins. Blair emphasized the importance of reskilling workers to truly leverage technology in enhancing productivity across industries.
We're training everyone from doctors and nurses through to administrators, operations managers, and others to use data to improve patient care, triage faster, and reduce wait times.
There's a long history of large government spending on technology that hasn't led to improvements in productivity. Without reskilling, these tech investments will falter.
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