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☆ Anne Dwane has been a jack-of-all-trades in the startup world. Here's how that's helped her build a successful investing career.
▼ + stars: | 2024-05-06 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +5 min

Over the course of 20 years, Anne Dwane has made a name for herself as a successful entrepreneur and executive. For Dwane, her career as a startup founder and operator helped her find success as an early-stage investor. Dwane left Monster in 2008 to become the CEO of Zinch, an edtech startup that helped colleges recruit and students find programs and scholarships. With the guidance of a mentor, Chegg's CEO Dan Rosensweig, the experience also helped her understand that her superpower lay in helping early-stage companies grow. Village Global is an early-stage fund that leads seed and pre-seed funding rounds.

Persons: Anne Dwane, she's, Reid Hoffman, Jeff Bezos, Bill Gates, Mark Zuckerberg, Dwane, I've, Chegg, Dan Rosensweig Organizations: Monster Worldwide, Business, Village, Georgetown University, Harvard Business School, Research, Monster, Accelerator Fund, Brightside, Airbase Locations: Palo Alto , California, Chegg

☆ Chegg CEO Dan Rosensweig: Growth opportunities are ahead of us as we dig out of post-COVID hole
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChegg CEO Dan Rosensweig: Growth opportunities are ahead of us as we dig out of post-COVID holeDan Rosensweig, Chegg CEO, joins 'Closing Bell Overtime' to talk quarterly results, the competition of AI, areas where he sees growth and more.

Persons: Dan Rosensweig

☆ How AI assistants are being positioned for everyday work and school life
▼ + stars: | 2023-10-10 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

Experts predict the role of hotel concierge is a profession example of where analyzing decades of data and experience can allow an AI assistant to guide human workers to the best decisions. San Francisco was an obvious choice: "This is the epicenter, where all the work is happening," said Vijay Karunamurthy, Field CTO at Scale AI, which plays a key role in providing the data to AI companies whose large language models need to advance their exponential learning. "A couple of square blocks around our office in Mission, you have OpenAI, Google, Meta… pretty much everyone is flocking here. 1 predictor of success in a higher education program is the removal of life barriers. "A model that understands where you are in your journey and can understand those challenges and relate."

Persons: Alistair Berg, Digitalvision, VCs, CNBC's, Vijay Karunamurthy, Julia Boorstin —, Omer Davidi, Shah —, — Karunamurthy, Shah, Dan Rosensweig, ChatGPT, Chegg, … Organizations: Google, CNBC Senior Media, Tech, CNBC, Fortune Locations: San Francisco, Francisco, Mission

☆ Edtech Chegg rallies as strong quarter eases fears about ChatGPT impact
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Aug 7 (Reuters) - Chegg (CHGG.N) rallied 25% in extended trading on Monday after better-than-expected quarterly sales and an in-line forecast for the current quarter eased worries about the impact of ChatGPT on the educational services company's business. The Santa Clara, California-based firm expects revenue to be in the range of $151 million to $153 million for the third quarter, compared with analysts' average estimate of $152.37 million, according to Refinitiv data. "We launched the beta version of our initial generative AI experience in May and feedback has been very positive," CEO Dan Rosensweig said. The company reported second-quarter sales of $182.9 million, compared with analysts' average estimate of $176.51 million. Reporting by Pratik Jain in Bengaluru; Editing by Shinjini Ganguli and Shilpi majumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Dan Rosensweig, Pratik Jain, Shinjini Ganguli, Shilpi majumdar Organizations: Thomson Locations: Santa Clara , California, Bengaluru

☆ How artificial intelligence could threaten major industries and business models
▼ + stars: | 2023-05-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Meanwhile, limits on applicable copyright rules make it simpler to train AI tools. Nevertheless, accuracy issues with AI tools, Redburn said, could boost the use case for Pearson. Copyright issues are another major obstacle for music companies. Some potential copyright violations include replicating an artist's likeness or voice, and that could weaken the catalog value for many music companies, analysts said. Similarly, Deutsche Bank analyst Matthew Niknam highlighted in a recent note AI presents more opportunities than risks and offers "underappreciated upside tailwinds" for Five9.

Persons: GOOGL, Goldman Sachs, Dan Rosensweig, Chegg, Brad Erickson, Hayden Brown, Brown, BTIG, Chegg's, Pearson, Redburn, Morgan Stanley, Brent Thill, Thill, Douglas Mitchelson, Rosenblatt, Barton Crockett, Morgan Stanley's Omar Sheikh, Ygal, Nat Schindler, Wix, Jefferies, Oppenheimer, Timothy Horan, Matthew Niknam, Meta Marshall, Marshall, Michael Bloom Organizations: Wall Street, Microsoft, Nvidia, Goldman, Chegg, Companies, Freelance, Upwork, RBC Capital, Pearson, Bank of America, UBS, Jefferies, Industry Music, Spotify, Credit, Warner, Warner Music Group, Universal Music Group, Citi, NICE, Deutsche Bank Locations: Nice

☆ Education stocks plummeted after Chegg's CEO warned about ChatGPT – but don't write off entire sectors just yet
▼ + stars: | 2023-05-10 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Chegg's stock price crashed last week after the education company's CEO said ChatGPT was impacting customer growth. But investors shouldn't write off entire sectors just yet, according to analysts. Chegg shares plunged 49% on May 2 following Rosensweig's warning – and other major education stocks sold off as well. Don't write off the whole sector just yetIt can be tempting for investors to see disruptive technology like ChatGPT as a threat to entire industries – hence the broad and deep sell-off for education stocks Tuesday. Read more: Chegg crashes 49% after the education company says the rise of ChatGPT among students is impacting customer growth

☆ Chegg shares rebound with 17% pop after losing almost half their value on ChatGPT concerns
▼ + stars: | 2023-05-03 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Chegg's stock price recouped some of its gains on Wednesday after the online education company lost half its value a day earlier due to concerns about the potential impact of ChatGPT on its business. As of early afternoon New York time, Chegg shares were up 17% to $10.63. The shares had plummeted following Chegg's earnings report late Monday, when the company opted not to give annual guidance because of uncertainty surrounding OpenAI's ChatGPT, the popular artificial intelligence chatbot. "I think this is extraordinarily overblown, and I don't normally say that, I don't really talk about the stock price much," Rosensweig said. WATCH: Chegg CEO on earnings stock drop

☆ Stocks making the biggest moves premarket: Starbucks, AMD, Pearson, PacWest & more
▼ + stars: | 2023-05-03 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in premarket trading. AMD — The semiconductor stock fell more than 7% in premarket trading after quarterly results a day earlier. PacWest's shares fell 4.6% in premarket trading after sliding nearly 28% on Tuesday. Biogen reported earnings last week, notching an adjusted $3.40 per share while analysts polled by StreetAccount forecasted $3.28. The online dating company reported first-quarter earnings that topped analysts estimates from Refinitiv after the bell Tuesday.

☆ Stocks making the biggest moves midday: CVS Health, Eli Lilly, Clorox, Yum and more
▼ + stars: | 2023-05-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

CVS cut its 2023 adjusted earnings guidance to a range of $8.50 to $8.70 per share from its previous projection of $8.70 to $8.90 per share. On Tuesday, the consumer products firm posted fiscal third-quarter adjusted earnings per share of $1.51 topped the $1.22 per share expected by analysts polled by Refinitiv. Revenue also beat, coming in at $1.91 billion versus the $1.82 billion expected by Wall Street. AMD also said it expects about $5.3 billion in sales in the current quarter, less than the $5.48 billion expected by Wall Street. Its adjusted earnings per share for the first quarter came in at $1.06, compared to the $1.13 expected, per Refinitiv.

☆ Edtech Chegg slumps on revenue warning as ChatGPT threatens growth
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

May 2 (Reuters) - What's the cost of students using ChatGPT for homework? For U.S. education services provider Chegg Inc (CHGG.N), it could be nearly $1 billion in market valuation. Chegg forecast current-quarter revenue below estimates and signaled that the usage of viral chatbot ChatGPT was pressuring customer growth, sending its shares 44% lower in premarket trading on Tuesday. We now believe it's having an impact on our new customer growth rate," said Chegg CEO Dan Rosensweig. "We fear Chegg could start to lose mind-share before CheggMate fully rolls out," Thill said.

☆ Chegg crashes 49% after the education company says the rise of ChatGPT among students is impacting customer growth
▼ + stars: | 2023-05-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Chegg stock crashed 49% on Tuesday after the education company said students are increasingly using ChatGPT for homework help. First-quarter earnings beat analyst estimates, but that wasn't enough to stem fears that ChatGPT is a serious threat to Chegg. The education company sells subscription memberships to an online portal that helps students study for tests and complete homework. First-quarter earnings beat analyst estimates as Chegg saw little impact on its business from ChatGPT early in the quarter. We now believe it's having an impact on our new customer growth," Chegg CEO Dan Rosensweig said on the company's earnings call.

☆ Who’s the next Chegg? A.I. could threaten the main revenue sources for these companies
▼ + stars: | 2023-05-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Tuesday's selloff in Chegg shares exposed some investors to the dark side of artificial intelligence, igniting concerns about how the latest technology craze may be putting some companies' revenue sources in danger. CHGG 1D mountain Chegg shares plummet on AI risks While Chegg may be the first shoe to drop, it's certainly not the last company set to showcase some of the risks posed by AI. Elsewhere, Deepwater Asset Management's Gene Munster sees potential risks ahead to some consulting companies known to outsource work for other businesses. Companies operating off of seat-based models, such as human resources companies, may face headwinds from declining headcount, but could benefit long term from optimizing AI, he added. To be sure, even the largest companies dominating the space and poised to prosper from AI face risks ahead.

☆ Chegg CEO on stock drop after earnings and A.I.'s impact on outlook
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChegg CEO on stock drop after earnings and A.I. 's impact on outlookDan Rosensweig, Chegg CEO, joins 'Closing Bell: Overtime' to discuss the company's earnings and how A.I. worries have impacted the stock.

☆ Chegg drops more than 40% after saying ChatGPT is killing its business
▼ + stars: | 2023-05-02 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010. Chegg shares tumbled after the online education company said ChatGPT is hurting growth. "However, since March we saw a significant spike in student interest in ChatGPT. The company, which provides homework assistance and online tutoring, said revenue would be between $175 million to $178 million this quarter, far below the analyst consensus estimate from FactSet of $193.6 million. Chegg shares were last down 46% to $9.50 in premarket trading Wednesday, set to add to a 30% decline already this year.

☆ Chegg CEO calls 48% stock plunge over ChatGPT fears 'extraordinarily overblown'
▼ + stars: | 2023-05-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Chegg' s 48% stock price plunge on Tuesday, driven by comments in the company's earnings report about the risks of artificial intelligence, was "extraordinarily overblown," CEO Dan Rosensweig told CNBC Tuesday. On Monday's earnings call, Rosensweig said ChatGPT, the suddenly popular chatbot from startup OpenAI, was "having an impact on our new customer growth rate." "I think this is extraordinarily overblown, and I don't normally say that, I don't really talk about the stock price much," Rosensweig said. Rosensweig noted that ChatGPT struggles with delivering accurate answers, a phenomenon known as hallucination, and a problem in the academic world. "ChatGPT is often wrong, and it's not going to be right anytime soon."

☆ Stocks making the biggest premarket moves: Uber, Pfizer, Chegg, Dell & more
▼ + stars: | 2023-05-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Chegg — Chegg shares tumbled 42% in premarket trading after CEO Dan Rosensweig said he expects artificial intelligence is "having an impact on our new customer growth rate." However, its adjusted earnings per share and revenue for the first quarter beat estimates, per Refinitiv. NXP Semiconductors — Shares of the chip maker jumped about 5% after the company beat analysts' expectations for first-quarter revenue and operating income. However, its first-quarter revenue beat analysts' expectations, according to Refinitiv. The company is also planning an up to $2 billion share buyback after its annual general meeting.

The release is poised to widen what pupils do with AI just as educators are grappling with its consequences. Rosensweig said Chegg focuses on math and the sciences, not the essay drafting that has challenged schools. Rosensweig said Chegg has structured and checked its answers to ensure accuracy. Asked if AI will prompt Chegg to shrink its pool of 150,000 experts contributing to its content, he said the company already balances humans with technology. Analysts in recent months have questioned whether Chegg can grow its base of 8 million subscribers as students embrace the largely free ChatGPT software, created by the startup OpenAI.

☆ Chegg pitches itself as an AI middleman
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, April 17 (Reuters Breakingviews) - Educational software company Chegg (CHGG.N) is trying to stay one step ahead of artificial intelligence. With its stock down 40% since ChatGPT’s November release, Chegg has a new plan to act as an intermediary between students and AI. To that end, Chegg on Monday announced a partnership with ChatGPT developer OpenAI to build a virtual tutor, CheggMate. With awareness of AI proliferating, schools will face pressure to adapt; Chegg could fashion itself as a safer way to do so. Other companies with domain-specific databases may follow suit, rebranding themselves as middlemen to avoid being made obsolete by AI.

☆ Chegg gets schooled in AI downside
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

Its stock slumped nearly one-fifth on Tuesday, after it forecast shrinking revenue in 2023. The chief problem for companies like Chegg is that tumbling undergraduate enrollment already means fewer future customers. To grow, Chegg must win an ever-bigger share of a shrinking market. Rosensweig argues that Chegg can use the technology to its own advantage, matching students with the right content and constructing personalized study plans. By contrast, other companies that have started putting AI to work, like online publisher BuzzFeed (BZFD.O), have seen their stock soar.

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