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  "documentTitle": "2023 Air Street Capital The State of AI Report 2023",
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      "text": "Building and Owning our own Large Language Models: Enhances our competitive moat, lowers our costs, and allows us to train the models specifically for education; Leverages our billions of pieces of proprietary content; 150k subject matter experts help train the models and support accuracy in our generative experience; We expect a significantly enhanced learning experience over generic models and tremendous value for Chegg",
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      "text": "Accelerated Timeline: Our partnership with Scale AI will allow us to accelerate our ability to deliver the new Chegg experience starting in the fall and rolling out over the course of the next two semesters; The experience will include a simple conversational user interface, personalized learning pathways, more in-depth content, and the ability to transform content into innovative study tools, such as practice tests, study guides, and flash cards.",
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      "text": "Chegg, an NYSE-listed company focused on improving learning and learning outcomes for students, was hit hard by the launch of ChatGPT. In May 2023, the company said \"In the first part of the year, we saw no noticeable impact from ChatGPT on our new account growth and we were meeting expectations on new sign-ups.\" Students that paid Chegg to practice exams and get homework feedback turned to ChatGPT instead. As a result, their share price plummeted >40%. In Chegg’s August 2023 earnings call, the company said \"We’ve pivoted the company to harness AI to better serve learners.\" They’re building internal LLMs in partnership with Scale AI.",
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      "text": "Feeling the ChatGPT heat: education gets hit first and Chegg is fighting back",
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