Tag: Chegg

US-based online learning platform, Chegg, plans to cut its workforce by 4% due to the growing influence of OpenAI's ChatGPT on its business. As AI continues to impact the labor market, Chegg is just one of many firms struggling amidst the COVID-19 pandemic.

Chegg, the online learning platform, is cutting 4% of its workforce due to the impact of OpenAI's ChatGPT on customer acquisition. Chegg is developing its own AI chatbot called CheggMate to personalize learning.

Chegg's market value has dropped by 48% due to the rise of rival AI-powered learning platform ChatGPT. Despite partnering with OpenAI to create CheggMate, an AI learning companion, it hasn't stopped the loss in subscribers. Chegg did not provide revenue forecasts for the second half of 2021.

Pearson Plc, one of the world's largest education companies, recently announced plans to integrate AI into their operations to protect their business from disruption due to tools like ChatGPT. Pearson CEO Andy Bird commits to developing their products responsibly with AI technology offering positive prospects for learners and educators.

. ChatGPT is a revolutionary educational technology platform based in Silicon Valley, California. After launching in November, their success is unparalleled with over 100 million users in less than a year! CEO Dan Rosensweig declared that ChatGPT had a significant effect on a popular education platform, Chegg. Are students cheating or finding a new way to study? Find out!