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On a May 1, 2023, earnings call, CEO Dan Rosensweig identified the rise of ChatGPT as a potential obstacle for the company's growth. The next day, Chegg's stock price collapsed by 48% in response. [23] Chegg announced that it would launch a GPT-4 powered AI platform called Cheggmate later in May 2023. [23]
[17] [18] Additionally, the company paid the salaries of Ukrainians who left their jobs at Grammarly to join the nation's army [19] and made its product free for Ukrainian journalists publishing news about the war in English. [17] In April 2023, Grammarly launched a product using generative AI built on the GPT-3 large language models. [20]
Grammar checkers are most often implemented as a feature of a larger program, such as a word processor, but are also available as a stand-alone application that can be activated from within programs that work with editable text. The implementation of a grammar checker makes use of natural language processing. [1] [2]
Chegg stock has lost nearly 70% over the last year and has been roughly cut in half in 2024. From its peak in 2021, the stock is down over 95%. Since the launch of ChatGPT in late 2022 the company ...
Chegg expanded from textbook rental into a portfolio of student services under his leadership, [2] [8] transforming Chegg's digital assets to meet student needs. In June 2024, Rosensweig stepped down as CEO of Chegg, and was succeeded by Nathan Schultz. [11] Rosensweig is a proponent of mentoring, [12] and of workplace equality. [13]
Computer-assisted writing tools, such as Grammarly or Google Doc’s Smart Compose, already exist — and have long been utilized by many students. Platforms like Grammarly and Chegg also offer ...
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