Chegg stocks saw an increase ahead of its executive meeting with Open AI chief executive officer. Yahoo Finance Live’s presenters Josh Schafer, Dave Briggs and Rachelle Akuffo discussed about this development and the resulting shift in Chegg stock.
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Chegg, Inc. is a technology-education platform that provides direct-to-student learning, offering college textbooks and rentals, online tutoring, scholarships and internship matching. Chegg aims to have a positive impact on students and their academic achievements.
OpenAI, headquartered in San Francisco, is a non-profit artificial research company whose mission is to ensure that artificial general intelligence (AGI) benefits all of humanity. OpenAI develops technologies intended to help humanity fight climate change and develop smarter cities.
OpenAI’s CEO, Sam Altman, is a renowned Silicon Valley entrepreneur and former president of Y Combinator. His current focus is on artificial intelligence, machine learning and natural language processing. He also serves on the board of companies such as OpenAI, Airbnb, Coda, and Stripe.
The circumstances behind Chegg’s stock increasing ahead of the OpenAI meeting is yet to be determined. However, users can subscribe to Yahoo Finance to keep updated with the latest news on the stock market and finance.
