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Chegg announced that it would launch a GPT-4 powered AI platform called Cheggmate later in May 2023. [23] By June, CheggMate was in testing mode, but wasn't expected to publicly launch until 2024. [24] As of 2025, it has not been released. By November 2024, Chegg's stock price had fallen 99%, primarily because of competition from ChatGPT. [25]
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 Tutors was founded in 2011 as InstaEDU and launched into public beta in May 2012. At that time, the company also announced that it had raised $1.1M in venture capital funding from The Social+Capital Partnership. [2] Two of the company's co-founders had previously run an in-home tutoring company called Cardinal Scholars.
Not long after the COVID-19 pandemic caused colleges to start teaching remotely, students balked at the idea of paying full tuition for online learning. After all, they were not getting the ...
With the COVID-19 pandemic sending millions of students in the U.S. and around the world home for distance learning, the online education business has been quick to respond. Web-accessible books,...
More than half of public research universities charge students differential tuition based primarily on their major and their year in college, increasing normal tuition by up to 40 percent. [10] Most students or their families who pay for tuition and other education costs do not have enough savings to pay in full while they are in school. [11]
A 2023 study by economist Raj Chetty at Harvard University and his colleagues found that while attending an Ivy League or comparable college, in general, does not significantly boost a student's ...
Some economists do not think that returns to a college education are falling but instead believe that the benefits far outweigh the costs. [17] [18] [19] Others argue that survival bias is not accounted for, given those who dropped out did not receive a degree but may have student loans to pay off, and that the benefits are only for those who ...