Chegg Launches CheggMate AI Companion, Built With GPT-4

Chegg Inc CHGG has launched CheggMate, a new AI enhanced learning service built with OpenAI's most advanced model, GPT-4.
CheggMate will leverage Chegg's personalized learning platform, proprietary data set, and the advanced problem-solving capabilities of GPT-4, to create an AI conversational learning companion.
The new platform will deliver personalized learning pathways, tailor-made quizzes and tests, give students context, and help guide each student's learning journey.
With CheggMate, students can ask new questions, get clarifications in different formats, break out the steps, and drill down into concepts they don't understand.
"We believe the combination of Chegg's proven ability to improve student outcomes, with the breakthrough technology of OpenAI and Chat GPT, will create the most powerful study companion for students around the world," said Dan Rosensweig, CEO & President of Chegg.
Price Action: CHGG shares are trading higher by 1.48% at $18.55 in premarket on the last check Monday.