Chegg plunges 23% as it shrugs off the threat of ChatGPT after giving disappointing 2023 outlook
That is essentially the bread and butter of what Chegg offers to students, and ChatGPT could theoretically eat into its subscriber base if its answers prove to be as accurate and helpful as Chegg's.
"We believe AI will have a significant effect on human capabilities and humanity overall. But AI and machine learning models are not new to Chegg.
"We will continue to build and leverage AI tools, including those from OpenAI and others, allowing us to expand our content capabilities, increase the number of ways students can learn through our platform and increase our efficiency," Rosensweig said. He also expects Chegg to integrate ChatGPT into its business once it's offered as an application programming interface .
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