Chegg CEO Admits Struggle to Compete with Chat GPT

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Key takeaways

Transcript

Episode notes

Chegg announced its quarterly earnings and its CEO made some noteworthy comments during the earnings call.
The CEO admitted that Chegg has been struggling to keep up with chat GPT due to its popularity among students for homework help.
Chegg will no longer provide full year guidance for their revenue forecasts.
The stock of Chegg dropped almost 50% following this news.
The company is facing significant challenges and uncertainty as a result of the rise of AI-powered tool, chat GPT.
The situation presents an intriguing business perspective with Chegg's struggle to compete and adapt.

The Twitter look-alike Bluesky, started by the former Twitter chief executive Jack Dorsey, is doing the impossible: making social media fun again.

Then, A.I. is coming for jobs but not in the way you think.

Plus: Kevin and Casey moonlight as advice columnists in a new Hard Fork segment called Hard Questions.

Additional reading:

Bluesky is vying to replace Twitter.
IBM announced a pause in hiring, anticipating that A.I. would replace thousands of jobs at the company in the coming years.
The chief executive of the education company Chegg said student interest in the chatbot ChatGPT was hurting its sales.

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