One of the year’s biggest shakeups involved AI eating up an industry giant. Education services website Chegg, once a student’s best friend, is struggling to stay afloat, with its stock price plummeting a staggering 99% by November 2024.
The company also laid off 441 employees in the summer and 300 more in November. Interestingly, a few employees had suggested the leadership integrate AI features into the platform as early as 2022, but as per reports, the request was denied.
While AI seals the fate of traditional edtech startups, newer startups with a different view on edtech are dancing on their graves. Moreover, their customers, the students, seem to be having the time of their lives.
More AI, More GPA
Recently, Kent State University published a studysurveying 71 students about their use of AI in academia. While the sample size was small, it does give a fair bit of insight into the impact of AI in the classroom. Forty-seven per cent of the …