chegg
Key PointsChegg is one of the biggest consensus “AI losers,” or companies that will be negatively affected by AI developments.The stock declined nearly 50% after its most recent earnings report.But Chegg is responding with a chatbot of its own and it just might work.5 stocks we like better than CheggOn Monday, Chegg (NYSE:CHGG) announced that it is laying off 4% of its workforce and parlaying the cost savings into executing its AI strategy. Chegg has been one of the headline “AI losers,” or companies that see their business model under threat due to the rise of AI chatbots like ChatGPT. The ef...
ValueWalk
AI claims its first casualty… How to improve the odds of your kid earning a high salary… Eighty percent of kids say they’re learning faster with this new tech… My favorite way to play the AI education trend… ChatGPT Made Chegg’s Business Model Obsolete1. ChatGPT claimed its first casualty… It’s a company called Chegg Inc (NYSE:CHGG). Chegg offers online tutoring and textbook rentals by charging a subscription. It was a thriving business. From 2016 to 2022, the company grew subscribers from 1.5 million to 8.2 million. But then ChatGPT, the popular AI chatbot, burst onto the scene… Suddenly, eve...
ValueWalk
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