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Ed tech house Chegg’s share price halves after blaming ChatGPT for subscription dip

Student app maker says it’s ‘not a sky falling thing,’ customizes own LLM just in case

Chegg’s stock price plummeted 49 per cent on Tuesday, wiping nearly $1 billion off its market valuation, after the education technology biz blamed a slowdown in subscriptions on ChatGPT.…

Author: Katyanna Quach. [Source Link (*), The Register]

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