AI could be the least of edtech’s concerns

Edtech firm Chegg nonetheless has shares did not heal from their dive earlier this month. As it’s possible you’ll recall, its shares fell off the cliff after the corporate gave its report. 1st quarter results.

Whereas Chegg exceeded analyst expectations for the primary quarter of the 12 months, it additionally raised a deaf-earned warning: It warned that ChatGPT was blocking its capability so as to add new subscribers.

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“[S]In March, we noticed a big improve in scholar curiosity in ChatGPT. We imagine that is now having an impression on our new buyer progress charge, mentioned Dan Rosensweig, Chegg CEO. aforementioned in the course of the firm’s Q1 earnings name.

Chegg is especially weak to competitors from generative AI; When you might know this place as a spot to hire faculty textbooks, it “has additionally confirmed to be an extremely fashionable software for copying” TechCrunch+ reported.

Synthetic Intelligence would be the least of edtech’s considerations, by Anna Heim, first posted on TechCrunch

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