Chegg

In subjects such as engineering, chemistry, and statistics, which drive significant traffic to Chegg but often involve diagrams, there was a sense that relying too heavily on AI to parse visual information was unreasonable, the former employees say. So the ethics of unleashing an imperfect product gave Chegg pause. “We knew generative was coming down the pike,” says one former executive. “Text analysis was easy to embrace in the short run.”In 2020, OpenAI’s GPT-3 model was released and made text generation much better.…

No more talking to a stranger on a forum for help debugging your computer science homework—just use an AI chatbot. Stack Overflow, the go-to Q&A forum for programmers, has reportedly seen significant drops in traffic over the last few months, and the ever-popular ChatGPT might be to blame.Top Takeaways from the Apple EventWeb analytics firm SimilarWeb reported last month that Stack Overflow has seen a drop in traffic every month since the beginning of 2022, with the average drop being 6%. In March, Stack Overflow saw…

New Delhi, The global edtech sector went through a mayhem after US-based online education service Chegg admitted AI chatbot ChatGPT has affected its finances, sounding a warning bugle for the Indian edtech firms too.While Chegg's shares plunged by half, London-listed Pearson's stock fell about 15 per cent, language-learning platform Duolingo's stock went down by 10 per cent and US-listed education company Udemy dropped by more than 5 per cent on Tuesday, reports The Financial Times."Investors bet that artificial…

Shares in companies that specialize in publishing school textbooks and offering online classes took a big hit on Tuesday after signs emerged that AI-bots such as ChatGPT were eating into their business.Silicon Valley-based Chegg is an education tech company that provides online homework help and textbooks, and on Monday its CEO admitted that the explosion of generative AI chatbots had hurt revenue. "In the first part of the year, we saw no noticeable impact from ChatGPT on our new account growth and we were meeting…

Shares of the education technology company Chegg lost nearly half their value after its CEO warned that OpenAI's free ChatGPT service was cutting into its growth.Chegg CEO Dan Rosensweig told investors on a conference call Monday that early in the year, the company was meeting expectations for new sign-ups for its educational services. But that shifted in recent months."Since March we saw a significant spike in student interest in ChatGPT," Rosensweig said. "We now believe it's having an impact on our new customer growth…

FILE - The OpenAI logo is seen on a mobile phone in front of a computer screen displaying output from ChatGPT, on March 21, 2023, in Boston.The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc. The US educational software maker has combined its corpus of quiz answers with the chatbot's AI model known as GPT-4 to create CheggMate, a study aide tailored to students, CEO Dan Rosensweig told Reuters last week. "It's a…

The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc .The US educational software maker has combined its corpus of quiz answers with the chatbot's AI model known as GPT-4 to create CheggMate, a study aide tailored to students, CEO Dan Rosensweig told Reuters last week."It's a tutor in your pocket," he said ahead of its announcement of CheggMate on Monday. The software will adapt to students by processing data on what…

A man photographs a Roblox banner displayed, to celebrate the company's IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021.Brendan McDermid | ReutersCheck out the companies making headlines in premarket trading.Roblox — Roblox shares fell 6.7% after Morgan Stanley downgraded the gaming company to underweight from equal weight and said the upside is limited following the stock's recent outperformance.related investing newsDiscover — The online bank lost 7.3% despite beating…

Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016.Charles Platiau | ReutersCheck out the companies making headlines in midday trading.J.B. Hunt Transport Services — The transportation stock jumped nearly 5% after executives said on an earnings call that they expect to see the freight market rebound in second quarter going into third quarter as inventory resets. The company reported fourth-quarter results fell short of analysts' expectations on both top and bottom lines,…

It stands to reason, an online tutoring and textbook rental service, like Chegg, is an invaluable resource for students. Launched in 2005, Chegg has so much to offer we couldn’t possibly list it all here. Students will find help with homework, preparation for exams, professional proofreading, in-depth subject analysis, writing assistance, and more. Chegg is one of the best tutoring apps and e-book rental services, but you’ll have to pay for it — and with subscription pricing starting at $16 per month, it’s only…