Chegg CEO calls 48% inventory plunge over ChatGPT fears 'terribly overblown'
Chegg’s 48% stock price plunge on Tuesday, pushed by suggestions throughout the agency’s earnings report regarding the risks of artificial intelligence, was “terribly overblown,” CEO Dan Rosensweig knowledgeable CNBC Tuesday. The shares rose as rather a lot as 8% in extended shopping for and promoting all through Rosensweig’s TV interview, which adopted the historic drop … [Read more…]