AI-powered ChatGPT and Chegg shake up edtech and AI markets.
TL;DR Summary
Edtech company Chegg's Q1 results beat analyst expectations, but its executives noted that ChatGPT, an AI tool from OpenAI, was slowing its ability to add new subscribers, potentially slowing its growth and throwing uncertainty into its ability to predict future financial results. Chegg's announcement of building a chatbot with GPT-4 last month adds to the tension of competition in the edtech market. The incident raises questions about how startups are reacting to AI tools and competition in their respective sectors.
- OpenAI's ChatGPT is shaking up the edtech markets TechCrunch
- ChatGPT sends shares in online learning giants into tailspin HT Tech
- Why UiPath, Shutterstock, and Duolingo Are Plummeting This Week The Motley Fool
- Chegg is a harbinger of AI's disruptive force Financial Times
- Chegg is a harbinger of AI’s disruptive force Moneycontrol
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