AI Just Killed The Homework King! Chegg's Billions Gone In A Flash
Remember Chegg, the online platform that was everyone's best friend during COVID for homework help? It was once a massive $14.7 billion company! But guess what? AI tools like ChatGPT came along, offering free answers and essays in seconds. Students quickly switched from paying Chegg to using these smart new AIs. Now, Chegg's stock is almost worthless, it's laid off nearly half its staff, and is even suing Google for showing AI summaries! This story is a big warning for all companies: adapt to new tech, or get left behind.
Read original storyAI Just Killed The Homework King! Chegg's Billions Gone In A Flash
Remember Chegg, the online platform that was everyone's best friend during COVID for homework help? It was once a massive $14.7 billion company! But guess what? AI tools like ChatGPT came along, offering free answers and essays in seconds. Students quickly switched from paying Chegg to using these smart new AIs. Now, Chegg's stock is almost worthless, it's laid off nearly half its staff, and is even suing Google for showing AI summaries! This story is a big warning for all companies: adapt to new tech, or get left behind.
Read original story