Chegg is suing Google parent Alphabet over claims the search engine’s artificial intelligence summary tool has hit its revenues, leading the US-listed educational technology group to weigh up a sale of the business.
Chegg has filed a federal antitrust lawsuit against Google – alleging that the company’s use of AI-generated summaries in search engine results has crushed its website traffic and revenue. In a lawsuit filed in US District Court in Washington DC,
Online education company Chegg has filed a lawsuit against Google, accusing the tech giant of using its AI-generated search overviews to undermine publishe
The online education company has tapped Goldman Sachs as it studies options such as going private or getting acquired.
JPMorgan analyst Bryan M. Smilek maintains a Neutral rating on Chegg amid a weaker-than-expected first-quarter outlook.
Chegg shares are moving lower on Tuesday after the company reported earnings for the 2024 fiscal-year fourth-quarter and issued guidance below estimates.
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