Chegg is suffering from the rise of artificial intelligence, WSJ reports

With artificial intelligence changing the way many companies do business, Chegg (CHGG) is trying to avoid becoming the first major victim of this shift, Miles Kruppo of The Wall Street Journal reports. The online education company was a source for students who wanted help with their homework or a potential tool for plagiarism, with the company experiencing subscription record highs during the pandemic. Now, ChatGPT is a free alternative to the answers Chegg has spent years developing with thousands of contractors in India.