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ChatGPT's Destroying Billionaires
ChatGPT's Just Claimed It's First Victim, Turning a Billionaires into Millionaires.
Meet the CEO of Chegg. Which was once the $15 billion dollar company, that gave me answers to homework questions. If I was struggling with Maths and Googled the question, Chegg would often pop up with the answer. Sadly,
Nathan's stock price has been having a bad time.
You'll be shocked by how hard it tanked.
You see, Chegg's answers used to come from experts. And people would pay for that. But once ChatGPT released, Chegg had to compete against free, and fast. They did try to fight back by generating answers with AI too. But it was too late. The total value of Chegg's shares tanked from $15 billion,
to $180 million. So...
Sources: https://www.reddit.com/r/EngineeringStudents/comments/lcl4vv/what_happened_to_chegg/ https://www.youtube.com/watch?v=8G5K1fKgfW0 https://www.youtube.com/watch?v=k-1Hf_QZyHM https://www.reddit.com/r/dataisbeautiful/comments/1fkoxdt/cheggs_downfall_since_chatgpt_oc/ https://www.linkedin.com/posts/louis-gleeson-a86144211_chatgpt-has-claimed-its-first-victim-activity-7262402325615386625-84lE/?utm_source=share&utm_medium=member_ios https://www.google.com/finance/quote/CHGG:NYSE?sa=X&ved=2ahUKEwj5w62s9-eJAxUwffUHHWWTFwcQ3ecFegQIQhAh
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