💥 The future has already arrived! AI successfully finds its application in many areas, gradually becoming integral part people's lives, business, art, medicine - Total.
It would seem that AI should act for the good and bring only benefits, but not always...
👉 The story of how ChatGPT tried to destroy a company in 24 hours.
Chegg Inc. is a company that provides digital and physical textbook rentals, as well as online tutoring services for students.
CEO Dan Rosensweig held a public earnings call about his company where he admitted that growing popularity of ChatGPT among students led to reducing the growth in the number of new accounts, which in turn led to lower revenue forecasts companies on 10%. The market reacted to such a statement with lightning speed - the price of the company's shares fell on 48% overnight. However, Rosensweig said the market reaction was "grossly exaggerated" and that the company was able to pay off the debt with cash reserves.
Chegg INC decided fight for the position of his company in the market and began to develop his own own AI product, CheggMate, which will run on GPT-4 and should be launched in May. The CEO believes that combining GPT with Chegg INC's vast academic data could change the "rules of the game".
👌 So, what conclusions should be drawn by companies that do not want to repeat the fate of Chegg INC?
🔸 First, it must be recognized that the threat of AI tools like ChatGPT is more is not hypothetical;
🔸 Secondly, companies should adapt to current realities and implement AI innovationsotherwise they risk being left behind.
Based thread : Evaneskate
