. Chegg Inc. is an American education services provider offering digital textbooks, homework help, and course-related materials to college and high school students. Dan Rosensweig has been at the company's helm since 2006 and is a former president of Yahoo!. The recent rise in ChatGPT's popularity has caused a drop in Chegg's stock price, leading to a $1 billion reduction in its market capitalization. In response, Chegg released its own AI-powered cheggmate to better manage the implications of homework-assistance chatbots. With analysts raising concerns about Chegg's core business becoming obsolete due to free AI tools, their stock has been downgraded.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?