Chegg bets big on the AI that nearly broke it | Semafor

12 hours ago · Student learning platform Chegg is betting big on the technology that almost killed it — artificial intelligence. This month, Chegg is releasing two new AI-powered features …

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Chegg, Once A Hot Education Tech Startup, Now Battles AI …

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Nov 14, 2024 · The latest sign of struggles at Chegg, came this week when the company announced third-quarter losses of $212.6 million. That was fueled by a decrease of nearly half …

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Chegg Issues Gloomy Outlook As AI Weighs On Sales, Plans 21% Cut …

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Nov 12, 2024 · Chegg (CHGG) issues downbeat guidance and plans workforce reduction as student's adoption of AI weighs on sales. Read more here.

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Chegg’s Stock Tumble Serves As Wake Up Call On The Perils Of AI

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May 3, 2023 · Chegg's stock dropped nearly 50% after sharing that ChatGPT had impacted its future business outlook, leading to the withdrawal of previous annual guidance. Despite …

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Chegg Stock Crashes As Free AI Tools Send Online Education …

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Apr 30, 2024 · Chegg's 2024 first quarter revenue of $174.4 million was down 7% compared to the same period a year prior and down nearly 14% from the first quarter of 2022. ... Chegg …

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Chegg: Still Too Early To Make This 'AI Victim' A Bottom-Fisher's Buy

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Nov 19, 2024 · Chegg has fallen by 98.5% due to the rise of ChatGPT and other factors. Find out if CHGG's super-low current valuation makes worthy of consideration. ... nearly $20 million …

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Chegg's Stock Falls 50% Due To ChatGPT's Impact, Even After

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The real story seems to be that investors don't think Chegg's AI products can dislodge user interest in ChatGPT. The window is closing and you have to have something much, much …

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FAQs about Chegg bets big on the AI that nearly broke it | Semafor Coupon?

Is Chegg putting AI on a student learning platform?

Student learning platform Chegg is betting big on the technology that almost killed it — artificial intelligence. This month, Chegg is releasing two new AI-powered features intended to help students master the coursework they once sought the platform to simply complete for them, more than two years after the release of ChatGPT crashed its stock. ...

Does Chegg have a chatbot?

It overhauled its entire platform so students interact primarily with a chatbot, rather than a more traditional search engine with answers written by human experts. Previously, if an answer didn’t exist in Chegg’s 132 million-large solutions archive, it would call on human experts for an answer, resulting in a lag time for the student. ...

How does Chegg work?

Chegg will display answers to the same question from various AI models and offer insights on why solutions may differ — like if the models took different routes to solve the same calculus problem. Allowing users to compare models and see the reasoning for each is critical to the platform’s success, Schultz said. ...

Why are students Comparing AI models?

Allowing users to compare models and see the reasoning for each is critical to the platform’s success, Schultz said. Students are already comparing these models because “the trust of AI is really low,” he said. Setting up different accounts and switching between tabs to do so is “an incredible time waste.” ...

What if a solution didn't exist in Chegg's 132 million-large solutions archive?

Previously, if an answer didn’t exist in Chegg’s 132 million-large solutions archive, it would call on human experts for an answer, resulting in a lag time for the student. These experts now check that solutions produced by the models are correct rather than answering the questions themselves. ...

What are Chegg's new features?

Its new features will generate practice questions on complex materials and allow users to choose their preferred large language models directly on the Chegg site — first ChatGPT, and later Gemini, Llama, and even DeepSeek, CEO Nathan Schultz told Semafor in an exclusive interview. ...