Corporate AI Dynamics: IBM's Unconventional Decision to Replace 7,800 Jobs Triggers Speculation and Sends Chegg Stock Plummeting 48%, Fueled by ChatGPT
- Author
- AI Breakdown
- Published
- Tue 09 Jan 2024
- Episode Link
- https://podcasters.spotify.com/pod/show/ai-breakdown/episodes/Corporate-AI-Dynamics-IBMs-Unconventional-Decision-to-Replace-7-800-Jobs-Triggers-Speculation-and-Sends-Chegg-Stock-Plummeting-48--Fueled-by-ChatGPT-e2e7h68
In this episode, we dissect IBM's corporate strategy of replacing jobs with AI, examining the speculation it has generated and the consequential 48% drop in Chegg stock, influenced significantly by the presence of ChatGPT in the market.
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