AI might be the least of edtech’s worries

We may earn money or products from the companies mentioned in this post. please note that some of the links below are affiliate links, and at no additional cost to you, we will earn a commission when you use one of the links. The company pays us for referral link sharing, which helps us run this blog and give our in-depth content to our readers for free.


Shares of edtech company Chegg still haven’t recovered from their dive earlier this month. As you may recall, its stock fell off a cliff after the company reported its Q1 results.

While Chegg beat analyst expectations for the first quarter of the year, it also raised a warning that didn’t fall on deaf ears: It warned that ChatGPT was hindering its ability to add new subscribers.


The Exchange explores startups, markets and money.

Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.


“[S]ince 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,” Chegg CEO Dan Rosensweig said during the company’s Q1 earnings call.

Chegg is particularly vulnerable to competition from generative AI; although you may know it as a place to rent college textbooks, “it has also proven an incredibly popular tool for cheating,” TechCrunch+ reported.

AI might be the least of edtech’s worries by Anna Heim originally published on TechCrunch



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *