#CheggMate

[spectral-ash]

*in overly posh british fuckboy accent*

She cheggers on my party till I quiz

[empresa-journal]

Will ChatGPT destroy Chegg (CHGG)?

OpenAI’s ChatGPT could destroy a publicly traded company. Chegg’s CEO thinks ChatGPT could hurt his company’s future growth. “However, since March we have seen a significant spike in student interest in ChatGPT,” Chegg (CHGG) CEO Dan Rosensweig says in a 1 May 2023 earnings call. “We now believe it’s having an impact on our new customer growth rate.” Interestingly, Rosensweig admits he didn’t…

[classicmeevs]

Cheggmate atheists

real heat is fire, natural heat. Microwave heat is just a bunch of particles bouncing around in your food fucking around

[yurei-of-the-artist]

cheggmate

[aisupersmart]

CheggMate On AiSuperSmart Ai Tool Directory

[reasoningdaily]

Shares of the education technology company Chegg lost nearly half their value Tuesday 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 rate."

Chegg shares tumbled 48% to close Tuesday at $9.08. The stock traded above $100 in early 2021 as most students were still stuck at home attending class online during the pandemic.

Rosensweig said students who normally pay for Chegg's service around midterms or finals were reluctant to pay for subscriptions when there was a free site for them to use.

ChatGPT quickly became a global phenomenon after its November launch. Some school districts have blocked access to it because it had sparked a panic among some educators with the ease with which it could answer take-home test questions and assist with assignments.

By the time schools opened for the new year, New York City, Los Angeles and other big public school districts began to block its use in classrooms and on school devices.

Early this year, OpenAI tried to curb ChatGPT's reputation as a cheating machine with a new tool that can help teachers detect if a student, or artificial intelligence, did the homework. OpenAI cautioned that the new tool is not foolproof.

Last month, Chegg announced it was launching its own artificial intelligence companion called CheggMate, supported by OpenAI’s latest and most advanced artificial intelligence model, GPT-4.

Chegg, which is based in Santa Clara, California, said that the combination of its personalized learning platform, proprietary data set and GPT-4's problem-solving capabilities “will empower students to learn in real-time more effectively, and with greater accuracy than ever before.”

Rosensweig called Tuesday's stock sell-off “extraordinarily overblown” in an interview with CNBC.

“Overall Chegg is an extraordinarily healthy company,” he said.

[2-lesbians-lesbianing]

cheggmate

To scramble eggs you must first beat them

at chess. Eggs are smart.

[reasoningdaily]

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 expectations on new sign-ups," Chegg CEO Dan Rosensweig told analysts on Monday.

"However, since March we saw a significant spike in student interest in ChatGPT. We now believe it's having an impact on our new customer growth rate," he added.

Specifically, the 18-year-old company reported a sales drop of seven percent over one year as well as a five percent fall in subscribers.

The admission sent shockwaves through the ed tech sector pushing Chegg's share price down by almost 50 percent and hammering similar companies such as UK-based Pearson, that lost 15 percent in London.

The chief executive insisted that the students' pivot to ChatGPT was a blip and that clients who kept their faith in the company's products "continue to choose us and retain us at high rates."

He also said it launched its own AI-powered tool called CheggMate, that was tailored to students and based on GPT-4, the latest iteration of the technology created by Microsoft-backed OpenAI and that powers ChatGPT.

Chegg has in the past faced the same accusations addressed to ChatGPT of providing students with readymade ways to cheat, especially during the Covid-19 pandemic when test-taking was largely taking place online outside a teacher's supervision.

While ChatGPT-style AI has largely been seen as a boon for the economy, the implosion in education tech stocks was the clearest example yet of the technology's capabilities assailing a company's bottom line.

Given the technology's untested nature, experts believe that the companies most vulnerable to AI for now are businesses that require little specialization - such as call centers or tutoring services as offered by Chegg and others.

For the time being, "you're only going to see very specific kinds of tasks that people are willing to farm out to generative AI," said Vishal Gupta, an associate professor at the USC Marshall School of Business.

These tasks are going to be "lower stakes" given the uncertainties about the technology, he added.