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CEO’s Warning of ChatGPT Threat Sparks 38% Rout in Edtech Stock

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May 2, 2023, 12:58 a.m. | Nick Turner

Bloomberg Technology bloomberg.com

Chegg Inc. plummeted as much as 38% after warning that the ChatGPT tool is threatening growth of its homework-help services, one of the most notable market reactions yet to signs that generative AI is upending industries.

ceo chatgpt chegg edtech generative generative ai growth homework market services stock threat tool warning

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