Online study company Chegg suspends full-year outlook, saying ChatGPT’s rising popularity is pressuring subscriber growth; CHGG drops ~50% and is down ~64% YTD (Medha Singh/Reuters)

by #AI May 2, 2023 · Automatic

Medha Singh / Reuters:
Online study company Chegg suspends full-year outlook, saying ChatGPT’s rising popularity is pressuring subscriber growth; CHGG drops ~50% and is down ~64% YTD — What’s the cost of students using ChatGPT for homework? For U.S. education services provider Chegg Inc (CHGG.N), it could be nearly $1 billion in market valuation.