Edtech Chegg Tumbles as ChatGPT Threat Prompts Revenue Warning

What's the cost of students using ChatGPT for homework? For U.S. education services provider Chegg, it could be nearly $1 billion in market valuation. From a report: Chegg signaled the rising popularity of viral chatbot ChatGPT was pressuring its subscriber growth and prompted it to suspend its full-year outlook, sending shares of the company 47% lower in early trading on Tuesday. "Since March, we saw a significant spike in student interest in ChatGPT. We now believe it's having an impact on our