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  • Chegg's stock plunges 48% as ChatGPT gains ground šŸ“‰

Chegg's stock plunges 48% as ChatGPT gains ground šŸ“‰

Plus: ChatGPTā€™s Creativity with Code Interpreter & Microsoft Copilot šŸ› 

Good Morning AI Runners šŸƒā€ā™‚ļø

Here's what we've got for you today:

  • Microsoft's Latest ChatGPT Offering šŸ”’

  • ChatGPTā€™s Creativity with Code Interpreter & Microsoft Copilot šŸ› 

  • Chegg's stock plunges 48% as ChatGPT gains ground šŸ“‰

Microsoftā€™s Azure cloud server unit is launching a new version of ChatGPT thatā€™s focused on keeping individual customer data separate and secure. Itā€™ll be a remote server that wonā€™t interact with the main system, so itā€™s perfect for businesses like banks and healthcare institutions who want to protect their sensitive information.

In this newsletter written by Ethan Mollick, he talks about the recent expansion in the capabilities of GPT-4 and its increasing relevance to real-world tasks. Ethan highlights one of the new capabilities of GPT-4, the code interpreter plugin, which allows the AI to read files, download files, and run its own Python code.

Chegg, the edtech company, had a bit of a rough tuesday when their shares took a nosedive. And what's the cause, you may ask? Well, the CEO of Chegg, Dan Rosensweig, warned that the free ChatGPT has been stealing the spotlight during midterm and final season and that it was cutting into Cheggā€™s growth. Not to be outdone, Chegg has announced their own AI tool, CheggMate, Powered by OpenAI's GPT-4.

What other stocks have been affected by AI? on the top of my mind I can think of $DUOL (Duolingo) and $UPWK (Upwork). Many more to come.

Pic of the day:

That's it from RunTheAI for today.

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P.S. if you made it this far, hit ā€œreplyā€ and tell me what you think of today's newsletter...whatā€™d you love? What was boring?