AI is perhaps the least of edtech’s worries

Shares of edtech firm Chegg nonetheless haven’t recovered from their dive earlier this month. As chances are you’ll recall, its inventory fell off a cliff after the corporate reported its Q1 results.

Whereas Chegg beat analyst expectations for the primary quarter of the yr, it additionally raised a warning that didn’t fall on deaf ears: It warned that ChatGPT was hindering its skill so as to add new subscribers.

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“[S]ince March, we noticed a big spike in scholar curiosity in ChatGPT. We now imagine it’s having an impression on our new buyer development fee,” Chegg CEO Dan Rosensweig said throughout the firm’s Q1 earnings name.

Chegg is especially weak to competitors from generative AI; though chances are you’ll comprehend it as a spot to hire faculty textbooks, “it has additionally confirmed an extremely well-liked software for dishonest,” Information World+ reported.

AI is perhaps the least of edtech’s worries by Anna Heim initially printed on Information World

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