Tag: Chegg Inc

Chegg Inc. stocks dropped drastically on Monday after CEO Dan Rosensweig announced that expenses due to their current use of OpenAI's CHATGPT chatbot. An AIML division will soon be launched to increase AI use; leading to an improved educational service for users. However, the current quarter will mean a 28-30% operating margin, and $175-$178 expected revenue.

Chegg Inc., a US educational technology company, provides various online educational services like subscription-based tutoring at $15.95 a month. The company lost nearly 38% of its stocks after CEO Dan Rosensweig warned of the threat of ChatGPT, an AI chatbot service, to its growth. Rosensweig believes that AI is the next big shift in the tech industry, and the company will embrace the technology aggressively and immediately.

Chegg Inc. has faced a drastic decline in their stock prices due to the rising popularity of ChatGPT as a learning resource, causing an alarming decrease of 30% on Monday. Low subscriber growth and reported earnings totaling $2.2 million or 2 cents a share have sparked worry amongst investors, resulting in Chegg’s stock at its lowest point since 2017. Dan Rosensweig, President and CEO of Chegg, attributes Chegg’s revenue drop to student interest in ChatGPT. Chegg is a valuable online learning platform aiding students with tutors, answers and more.

Chegg Inc. releases CheggMate, a personalized AI study aid for math and science courses. This AI-driven program provides tailored questions for students, and is designed to offer reliable and accurate answers, making it ideal for any student wanting to study smarter. With the incorporation of ChatGPT's AI, it is set to expand accessibility of AI in student workspaces and offer efficiency in the learning process.

Chegg Inc. has combined its roster of quiz answers with AI model GPT-4 to createCheggMate, a mobile-friendly student study application. Adapting to courses and personalizing practice tests, this AI software, is free for users for the first month and helps to reduce content cost while boosting overall profitability. OpenAI and Chegg's collaboration is expected to revolutionize the way students learn worldwide.