Online education firm Chegg told investors it believes OpenAI’s ChatGPT is “having an impact on our new customer growth rate” as student customers embraced the chatbot as a studying tool. In after-hours trading, Chegg shares fell 38%. It didn’t help that the firm reported a 7% decline in revenues year over year after reporting a 1% decline in the fourth quarter. Chegg, which had a market...
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The Gaming Startups Bucking the Funding Drought
Like most startups, gaming companies have seen interest from venture capitalists fall off sharply in the last year. But appetite is not completely dead. Investors have been backing those that prioritize creator-generated content and those that incorporate generative artificial intelligence—and sometimes both.Gaming startups raised $1.1 billion in 140 deals in the first quarter, according to a...
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