Chegg Is On Its Last Legs After ChatGPT Sent Its Stock Down 99%: After seeing its stock fall 99%, there are doubts the online education company will be able to pay its debts. https://gizmodo.com/chegg-is-on-its-last-legs-after-chatgpt-sent-its-stock-down-99-2000522585 For years, the company paid thousands of contractors to laboriously write answers to various questions. Now, the company is going out of business because OpenAI scrapped everything from the Internet without paying anyone, and those thousands of contractors/writers are also jobless.
Many AI companies, including OpenAI, are currently unprofitable. They are taking jobs away from others, leading to a race to the bottom. Eventually, only large tech companies like Amazon, Google, Microsoft, & Apple, which have deep pockets, will survive this AI race. In the meantime, NVIDIA will be prepared for the next big bullshit with its GPUs, having already made a significant profit. Apart from job loss, I fear as they are pushing LLM into the medical field, innocent people are going to die