San Francisco, June 14 (Ians) US-based online learning platform Chegg has revealed its plans to cut about 4 per cent of its workforce, just weeks after its CEO admitted that OpenAI’s ChatGPT was crushing its business as more students are turning to artificial intelligence for homework assistance.
The company said that the cut would amount to “about 80 employees” and would “better position the company to execute against its AI strategy and to create long-term sustainable value for its students and investors”, reports New York Post.
According to a regulatory filing, the company expects to “incur charges of approximately $5 million to $6 million in connection with these actions, primarily consisting of cash expenditures for severance payments, employee benefits and related costs”.
The popularity of OpenAI’s chatbot has sparked concerns among a growing number of critics, who have warned that it has the potential to fuel student cheating on school assignments, cause massive job losses,...
The company said that the cut would amount to “about 80 employees” and would “better position the company to execute against its AI strategy and to create long-term sustainable value for its students and investors”, reports New York Post.
According to a regulatory filing, the company expects to “incur charges of approximately $5 million to $6 million in connection with these actions, primarily consisting of cash expenditures for severance payments, employee benefits and related costs”.
The popularity of OpenAI’s chatbot has sparked concerns among a growing number of critics, who have warned that it has the potential to fuel student cheating on school assignments, cause massive job losses,...
- 6/14/2023
- by Agency News Desk
- GlamSham
Tech pioneer and Apple co-founder Steve Wozniak, and Grammy-nominated singer-songwriter Jewel hosted the Charitybuzz “Good Evenings” event Monday night at Tao at the Venetian, to raise new, essential funding for Jewel’s nonprofit, the Inspiring Children Foundation.
Jewel performs at CharityBuzz Dinner
Credit/Copyright: Justin Melson
VIP guests at the event included Perez Hilton, tech luminary and CEO of Chegg Dan Rosensweig, Goldman Sachs Chief Medical Officer Neal Mills, and Boom Supersonic Aerospace founder Blake Scholl.
The intimate experience began with Wozniak, his wife Janet, and Jewel welcoming donors to the private Opium Room at Tao. Jewel treated guests to an up-close-and-personal acoustic performance, featuring “Hands” and “No More Tears,” amongst other famed and emotionally-inspired pieces. Singer songwriter Jp Saxe joined as a special surprise guest, performing “If The World Was Ending.”
Accompanying the performances, Tao and co-founder Jason Strauss contributed a first-class dining experience, and Tito’s provided signature...
Jewel performs at CharityBuzz Dinner
Credit/Copyright: Justin Melson
VIP guests at the event included Perez Hilton, tech luminary and CEO of Chegg Dan Rosensweig, Goldman Sachs Chief Medical Officer Neal Mills, and Boom Supersonic Aerospace founder Blake Scholl.
The intimate experience began with Wozniak, his wife Janet, and Jewel welcoming donors to the private Opium Room at Tao. Jewel treated guests to an up-close-and-personal acoustic performance, featuring “Hands” and “No More Tears,” amongst other famed and emotionally-inspired pieces. Singer songwriter Jp Saxe joined as a special surprise guest, performing “If The World Was Ending.”
Accompanying the performances, Tao and co-founder Jason Strauss contributed a first-class dining experience, and Tito’s provided signature...
- 5/25/2023
- Look to the Stars
New Delhi, May 3 (Ians) The global edtech sector went through a mayhem after US-based online education service Chegg admitted AI chatbot ChatGPT has affected its finances, sounding a warning bugle for the Indian edtech firms too.
While Chegg’s shares plunged by half, London-listed Pearson’s stock fell about 15 per cent, language-learning platform Duolingo’s stock went down by 10 per cent and US-listed education company Udemy dropped by more than 5 per cent on Tuesday, reports The Financial Times.
“Investors bet that artificial intelligence could upend business models following a revenue warning at edtech company Chegg,” the report mentioned.
According to Chegg CEO Dan Rosensweig: “We now believe it’s (AI) having an impact on our new customer growth rate.”
Businesses worldwide are preparing themselves for the threat posed by generative AI systems such as ChatGPT.
Big Tech companies are racing to develop superior versions of the Gpt technology mastered by OpenAI.
While Chegg’s shares plunged by half, London-listed Pearson’s stock fell about 15 per cent, language-learning platform Duolingo’s stock went down by 10 per cent and US-listed education company Udemy dropped by more than 5 per cent on Tuesday, reports The Financial Times.
“Investors bet that artificial intelligence could upend business models following a revenue warning at edtech company Chegg,” the report mentioned.
According to Chegg CEO Dan Rosensweig: “We now believe it’s (AI) having an impact on our new customer growth rate.”
Businesses worldwide are preparing themselves for the threat posed by generative AI systems such as ChatGPT.
Big Tech companies are racing to develop superior versions of the Gpt technology mastered by OpenAI.
- 5/3/2023
- by Agency News Desk
- GlamSham
San Francisco, May 2 (Ians) In a clear warning for edtech platforms worldwide that ChatGPT can destroy their businesses in the near future, US-based online learning service Chegg saw its stock plummet more than 37 per cent after it admitted that AI chatbot ChatGPT has affected its finances.
California-based Chegg reported a 7 per cent decline in revenue (year-on-year) at $187.6 million in the first quarter of 2023. Its subscribers dropped 5 per cent to 5.1 million.
The news sent ripples through the education sector, with shares in London-listed Pearson falling over 8.7 per cent on Tuesday, Financial Times reported.
According to Dan Rosensweig, CEO and President of Chegg, generative AI would affect the society and business “at a faster pace than people are used to”.
“In the first part of the year, we saw no noticeable impact from ChatGPT on our new account growth and we were meeting expectations on new sign-ups. Since March, we saw a...
California-based Chegg reported a 7 per cent decline in revenue (year-on-year) at $187.6 million in the first quarter of 2023. Its subscribers dropped 5 per cent to 5.1 million.
The news sent ripples through the education sector, with shares in London-listed Pearson falling over 8.7 per cent on Tuesday, Financial Times reported.
According to Dan Rosensweig, CEO and President of Chegg, generative AI would affect the society and business “at a faster pace than people are used to”.
“In the first part of the year, we saw no noticeable impact from ChatGPT on our new account growth and we were meeting expectations on new sign-ups. Since March, we saw a...
- 5/2/2023
- by Agency News Desk
- GlamSham
Exclusive: Crackle’s financial-makeover hit Going from Broke is overhauling production methods for its upcoming second season in an effort to depict the impact of Covid-19.
The Ashton Kutcher-produced show, whose debut season drew more than 17 million views to become the streaming service’s biggest original series, features college students and graduates grappling with debt. Student debt now affects some 44 million borrowers with $1.7 trillion in outstanding loans, a burden that has exponentially increased for many Americans during Covid-19.
Season 1 premiered in October 2019, and by the time work began on a new season, the coronavirus pandemic had shut down production in much of the world. Even once shooting was allowed to resume, the producers of Broke felt the show’s mission compelled it to reflect the financial impact of the pandemic. That would mean a different approach.
The new season, produced by Flicker Filmworks, is set to begin streaming in March.
The Ashton Kutcher-produced show, whose debut season drew more than 17 million views to become the streaming service’s biggest original series, features college students and graduates grappling with debt. Student debt now affects some 44 million borrowers with $1.7 trillion in outstanding loans, a burden that has exponentially increased for many Americans during Covid-19.
Season 1 premiered in October 2019, and by the time work began on a new season, the coronavirus pandemic had shut down production in much of the world. Even once shooting was allowed to resume, the producers of Broke felt the show’s mission compelled it to reflect the financial impact of the pandemic. That would mean a different approach.
The new season, produced by Flicker Filmworks, is set to begin streaming in March.
- 2/15/2021
- by Dade Hayes
- Deadline Film + TV
Ashton Kutcher’s unscripted series Going From Broke has been handed a second season by Crackle Plus as the AVOD service unveils its latest slate of originals.
The digital platform is leaning heavily on scripted and non-scripted series from its sister company, Landmark Studio, which was set up by owner Chicken Soup for the Soul Entertainment and former Idw Entertainment President David Ozer last year.
The slate was announced as part of its NewFronts advertising presentation.
Going From Broke, which the company said has scored 16M views, will return for a second ten-part run in the first quarter of 2021. From executive producer Kutcher, the series sheds light on the national crisis of student debt and offers practical solutions for young people to go from broke. Produced by Chicken Soup for the Soul Entertainment, it is hosted by Chegg CEO Dan Rosensweig.
On the scripted side, Crackle Plus has unveiled four originals.
The digital platform is leaning heavily on scripted and non-scripted series from its sister company, Landmark Studio, which was set up by owner Chicken Soup for the Soul Entertainment and former Idw Entertainment President David Ozer last year.
The slate was announced as part of its NewFronts advertising presentation.
Going From Broke, which the company said has scored 16M views, will return for a second ten-part run in the first quarter of 2021. From executive producer Kutcher, the series sheds light on the national crisis of student debt and offers practical solutions for young people to go from broke. Produced by Chicken Soup for the Soul Entertainment, it is hosted by Chegg CEO Dan Rosensweig.
On the scripted side, Crackle Plus has unveiled four originals.
- 6/22/2020
- by Peter White
- Deadline Film + TV
In today’s TV news roundup, Disney Plus announces a McGuire family reunion and Showtime releases the trailer for “The L Word: Generation Q.”
Casting
Disney Plus has revealed that Hallie Todd, Robert Carradine and Jake Thomas will reprise their roles as Jo, Sam and Matt McGuire, respectively, alongside Hilary Duff in the new “Lizzie McGuire” series. The story follows a soon-to-be 30-year-old Lizzie McGuire navigating adulthood in Brooklyn with help from her animated 13-year-old alter ego. Original “Lizzie McGuire” series creator Terri Minsky returns as showrunner and executive produces with Duff and Rachel Winter.
Dates
ABC‘s holiday film “Same Time, Next Christmas” starring Lea Michele (“Glee”) premieres Dec. 5. Executive produced by Tom Mazza and David Calvert Jones, the film also stars Charles Michael Davis, Bryan Greenberg, George Newbern, Nia Vardalos, Phil Morris and Dannah Lockett. The film will rebroadcast Dec. 23 on Freeform as part of their “25 Days of Christmas” programming.
Casting
Disney Plus has revealed that Hallie Todd, Robert Carradine and Jake Thomas will reprise their roles as Jo, Sam and Matt McGuire, respectively, alongside Hilary Duff in the new “Lizzie McGuire” series. The story follows a soon-to-be 30-year-old Lizzie McGuire navigating adulthood in Brooklyn with help from her animated 13-year-old alter ego. Original “Lizzie McGuire” series creator Terri Minsky returns as showrunner and executive produces with Duff and Rachel Winter.
Dates
ABC‘s holiday film “Same Time, Next Christmas” starring Lea Michele (“Glee”) premieres Dec. 5. Executive produced by Tom Mazza and David Calvert Jones, the film also stars Charles Michael Davis, Bryan Greenberg, George Newbern, Nia Vardalos, Phil Morris and Dannah Lockett. The film will rebroadcast Dec. 23 on Freeform as part of their “25 Days of Christmas” programming.
- 10/25/2019
- by LaTesha Harris
- Variety Film + TV
In today’s TV news roundup, Netflix releases “Raising Dion’s” trailer and announces a number of premiere dates for its original series.
Dates
Netflix announced the premiere dates for several of its new and returning original series: Season 2 of “Carmen Sandiego” will launch Oct. 1; Deon Cole’s standup special “Deon Cole: Cole Hearted” will launch Oct. 8; Season 2 of “Insatiable” will launch Oct. 11; and Chef David Chang’s food series “Breakfast, Lunch and Dinner” will launch Oct. 23.
Crackle announced that “Going From Broke,“ which will tackle the issue of America’s growing student loan debt, will premiere Oct. 17. The show is hosted by Chegg CEO Dan Rosensweig, who, along with financial expert Danetha Doe, will go one-on-one with young people living in Los Angeles to change their habits, gain financial confidence and become the boss of their own lives. The show comes from executive producer Ashton Kutcher, Matador Content and...
Dates
Netflix announced the premiere dates for several of its new and returning original series: Season 2 of “Carmen Sandiego” will launch Oct. 1; Deon Cole’s standup special “Deon Cole: Cole Hearted” will launch Oct. 8; Season 2 of “Insatiable” will launch Oct. 11; and Chef David Chang’s food series “Breakfast, Lunch and Dinner” will launch Oct. 23.
Crackle announced that “Going From Broke,“ which will tackle the issue of America’s growing student loan debt, will premiere Oct. 17. The show is hosted by Chegg CEO Dan Rosensweig, who, along with financial expert Danetha Doe, will go one-on-one with young people living in Los Angeles to change their habits, gain financial confidence and become the boss of their own lives. The show comes from executive producer Ashton Kutcher, Matador Content and...
- 9/18/2019
- by BreAnna Bell
- Variety Film + TV
Crackle has announced a new series from executive producer Ashton Kutcher.
“Going From Broke” takes a hard look at the nation’s student-loan crisis — and gives millennials a chance to dig themselves out of massive debt.
The series debuts exclusively on the free streaming service on Oct. 17. From Matador Content and Chicken Soup for the Soul Entertainment, “Going From Broke” is hosted by Chegg CEO Dan Rosensweig and features financial expert Danetha Doe. The pair go one-on-one with young people living in Los Angeles to help them change their habits, gain financial confidence and become CEO of their own lives. And yes, Kutcher will make an appearance in an episode. Watch an exclusive trailer above.
Also Read: Sony Sells Majority Stake of Crackle to Chicken Soup for the Soul
The 10-episode, half-hour series will also feature insights and advice from experts including personal finance journalist Jean Chatzky and bestselling author and podcast reporter Farnoosh Torabi.
“Going From Broke” takes a hard look at the nation’s student-loan crisis — and gives millennials a chance to dig themselves out of massive debt.
The series debuts exclusively on the free streaming service on Oct. 17. From Matador Content and Chicken Soup for the Soul Entertainment, “Going From Broke” is hosted by Chegg CEO Dan Rosensweig and features financial expert Danetha Doe. The pair go one-on-one with young people living in Los Angeles to help them change their habits, gain financial confidence and become CEO of their own lives. And yes, Kutcher will make an appearance in an episode. Watch an exclusive trailer above.
Also Read: Sony Sells Majority Stake of Crackle to Chicken Soup for the Soul
The 10-episode, half-hour series will also feature insights and advice from experts including personal finance journalist Jean Chatzky and bestselling author and podcast reporter Farnoosh Torabi.
- 9/18/2019
- by Margeaux Sippell
- The Wrap
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