Latest news with #Chegg
Miami Herald
07-07-2025
- Business
- Miami Herald
Google's popular feature hit by another anti-monopoly complaint
Google has come a long way since Larry Page and Sergey Brin launched it in 1998 as a new search engine to compete with Yahoo, AltaVista, and WebCrawler, among others. In just four to six years, Google managed to position itself as the top search engine. Its quick success in those first years is often attributed to its speed, much deeper index, query-specific snippets, and relevance of results. Don't miss the move: Subscribe to TheStreet's free daily newsletter Even today, despite the existence of AI and many alternative search engines, Google processes around 16.4 billion searches every day, or 189,815 searches per second. As of March 2025, Google accounted for 79.1% of the global online search engine market on desktop devices. Related: Google's quiet AI win spells trouble for Amazon The company grew to become more than a search engine service provider, offering more than 800 products and services, according to the reports. These include popular products like Gmail and YouTube, and even hardware like Pixel phones and Chromebooks. Like the majority of technology companies, Google has focused on AI over the last couple of years. Earlier this year, it released an app that enables users to run various openly available AI models from the AI dev platform Hugging Face on their phones. It also offers access to Google's popular and powerful Gemma 3n AI model. Image source: Jones/Bloomberg via Getty Images Competition in the AI world is heating up. About two-thirds of the planet's population uses AI every day, according to a KPMG global study. What's more, 83% believe using AI offers a wide range of benefits. Now, when you google something, you are first offered an AI-powered summary "at the top of Google Search results, aiming to provide users with quick, concise answers to their queries by synthesizing information from multiple web sources," according to AI Overview itself. Related: Google resolves major privacy issue AI summaries were first presented as part of Google's Search Generative Experience (SGE) in May 2024. One year later, the rebranded feature AI Overviews launched in the United States. This was Google's strategic move to compete with AI giants such as Open AI's ChatGPT, Microsoft's Copilot, Anthropic's Claude, Perplexity AI, DeepSeek, and more. In October 2024, Google extended the feature globally, launching it across more than 100 countries. However, in February 2025, Chegg Inc (CHGG) , an education technology company, sued Alphabet over the AI Overviews, arguing the feature violated antitrust laws. The complaint argues that due to the features' direct answers to users' queries without directing them to external websites, Chegg's platform significantly lost traffic and saw declining revenues. Chegg even announced it is considering privatization or acquisition to deal with the challenges. The lawsuit might be the first case of a single company accusing Google of violating antitrust law through AI overviews, reported Reuters. More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time)Veteran portfolio manager raises eyebrows with latest Meta Platforms moveGoogle plans major AI shift after Meta's surprising $14 billion move "Our lawsuit is about more than Chegg – it's about the digital publishing industry, the future of internet search, and about students losing access to quality, step-by-step learning in favor of low-quality, unverified AI summaries," Chegg's CEO Nathan Schultz said. Now, Chegg is not alone in its anti-monopoly complaints against Google. A group of independent publishers filed an EU antitrust complaint against Google over its AI Overviews. The group also requested an interim action to stop irreparable harm to them, writes Reuters. "Google's core search engine service is misusing web content for Google's AI Overviews in Google Search, which have caused, and continue to cause, significant harm to publishers, including news publishers, in the form of traffic, readership, and revenue loss," The Independent Publishers Alliance wrote in the document. Related: Microsoft wants to help you live longer Publishers further argue that they can't stop Google's AI from using their material for its summaries without being eliminated in Google's general search results page. The UK's Competition and Markets Authority confirmed receipt of the complaint. A Google spokesperson commented, saying its AI experience allows more questions and therefore provides more opportunities for content and businesses to be discovered. They added that sites gain and lose traffic for various reasons. According to its website, the nonprofit Independent Publishers Alliance advocates for independent publishers. Others who signed the complaint include the nonprofit Foxglove Legal Community Interest Company and The Movement for an Open Web. Foxglove Co-executive Director Rosa Curlin sounded the alarm on the "existential threat" to journalists and publishers posed by Google's AI Overviews. In the end, however, it looks like Google's AI Overview is heading for self-destruction. As it slowly eliminates competition on which it is directly dependent (for AI-generated summaries), it will be left with no quality resources to maintain itself. Related: Oracle CEO sends blunt 2-word message on its business The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
03-07-2025
- Business
- Yahoo
1 Momentum Stock Worth Your Attention and 2 to Question
The stocks featured in this article are seeing some big returns. Over the past month, they've outpaced the market due to new product launches, positive news, or even a dedicated social media following. While momentum can be a leading indicator, it has burned many investors as it doesn't always correlate with long-term success. All that said, here is one stock with the fundamentals to back up its performance and two not so much. One-Month Return: +11.6% Started as a physical textbook rental service, Chegg (NYSE:CHGG) is now a digital platform addressing student pain points by providing study and academic assistance. Why Should You Dump CHGG? Value proposition isn't resonating strongly as its services subscribers averaged 13.4% drops over the last two years Overall productivity fell over the last few years as its plummeting sales were accompanied by a decline in its EBITDA margin Earnings per share decreased by more than its revenue over the last three years, showing each sale was less profitable Chegg is trading at $1.35 per share, or 2.3x forward EV/EBITDA. If you're considering CHGG for your portfolio, see our FREE research report to learn more. One-Month Return: +12.3% Constructing electrical and phone lines in the American Midwest dating back to the 1890s, MYR Group (NASDAQ:MYRG) is a specialty contractor in the electrical construction industry. Why Is MYRG Risky? New orders were hard to come by as its backlog was flat over the past two years Incremental sales over the last two years were much less profitable as its earnings per share fell by 34.5% annually while its revenue grew Waning returns on capital imply its previous profit engines are losing steam At $182 per share, MYR Group trades at 29.2x forward P/E. Read our free research report to see why you should think twice about including MYRG in your portfolio, it's free. One-Month Return: +36.1% Widely regarded as the face of crypto, Coinbase (NASDAQ:COIN) is a blockchain infrastructure company updating the financial system with its trading, staking, stablecoin, and other payment solutions. Why Will COIN Beat the Market? 58.2% annual increases in its average revenue per user over the last two years show its platform is resonating with power users Incremental sales significantly boosted profitability as its annual earnings per share growth of 64.5% over the last two years outstripped its revenue performance Robust free cash flow margin of 25.9% gives it many options for capital deployment, and its expanding margin gives it even more flexibility Coinbase's stock price of $352.25 implies a valuation ratio of 27.5x forward EV/EBITDA. Is now the time to initiate a position? Find out in our full research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today
Arabian Post
20-06-2025
- Business
- Arabian Post
Question.AI Redefines Instant Academic Support
has launched a significantly enhanced AI-driven educational platform designed to provide immediate, accurate assistance across diverse subjects. Now boasting over 20 million monthly users, the platform offers image-based problem solving, writing enhancements, multilingual translation, and real-time AI chat—all accessible around the clock. At the heart of the offering is a 'snap‑and‑solve' feature that allows users to upload photos of homework problems and receive detailed, step‑by‑step solutions powered by sophisticated image recognition and deep‑learning technology. This functionality has attracted millions of users seeking efficient academic assistance outside traditional classroom boundaries. In addition to problem solving, the platform offers an advanced writing tool that polishes grammar, improves style, and can tailor text—ranging from concise summaries to elaborate explanations. These features make it a versatile tool for academic or professional writing. ADVERTISEMENT A built‑in AI Search function delivers context‑aware answers directly, eliminating the need to sift through multiple web searches. Complementing this is a multilingual translation feature that ensures accessibility for non‑English speakers and supports inclusive global learning. Available via mobile app and web, has been downloaded over 10 million times, garnering a strong rating of 4.5 on Google Play thanks to its intuitive interface. User reviews highlight quick and accurate solutions, though some report frequent in‑app advertisements affecting the user experience. Commercially, the platform has expanded rapidly due to its flexible pricing structure. A free tier offers essential tools, while subscription options unlock premium features—including ad‑free use, advanced analytics, and increased usage limits—allowing users to engage at varying levels based on their needs. The company has made significant investments to support 24/7 performance. A statement from a company spokesperson emphasised the team's dedication to continuous improvement, with upcoming features including interactive learning modules and integration with educational content management systems. Academic experts and educators have welcomed the platform's capabilities. Dr Priya Nair, an education specialist, commented that 'instant feedback and personalised guidance can enhance understanding and foster independent learning,' although she cautioned against students bypassing fundamental problem‑solving skills. Teachers have also raised concerns about potential over‑reliance, urging prudent use in tandem with traditional study practices. A comparative analysis shows aligning with global edtech trends, particularly in offering multimodal learning—integrating text, visuals, and interactive chat features. Competitors like Chegg and Photomath focus primarily on textbook solutions, while distinguishes itself with a broader feature set that includes writing refinement and multilingual support. Security and data privacy remain central to the platform's promise. The company states that all user data is encrypted during transmission, and users can request deletion of personal information—an important feature as users share problem‑specific images and documents. In a crowded edtech market increasingly shaped by artificial intelligence, stands out through its comprehensive capabilities and rapid user adoption. With billions of students worldwide seeking reliable support, the platform's success reflects a shift towards personalised, on‑demand learning tools.
Yahoo
13-06-2025
- Business
- Yahoo
Chegg, Victoria's Secret, Blink Charging, Applied Digital, and Peloton Stocks Trade Down, What You Need To Know
A number of stocks fell in the afternoon session after the major indices pulled back (Nasdaq -1.3%, S&P 500 -1.1%) as Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East. This development has sent crude oil prices surging, as investors fear potential disruptions to global oil supply and a wider regional conflict. The conflict intensified market anxiety, compounding volatility, especially in risk assets like stocks, and prompting a pronounced shift toward safe-haven assets. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Consumer Subscription company Chegg (NYSE:CHGG) fell 7.1%. Is now the time to buy Chegg? Access our full analysis report here, it's free. Apparel Retailer company Victoria's Secret (NYSE:VSCO) fell 6.4%. Is now the time to buy Victoria's Secret? Access our full analysis report here, it's free. Renewable Energy company Blink Charging (NASDAQ:BLNK) fell 6.3%. Is now the time to buy Blink Charging? Access our full analysis report here, it's free. Enterprise Networking company Applied Digital (NASDAQ:APLD) fell 9.9%. Is now the time to buy Applied Digital? Access our full analysis report here, it's free. Consumer Electronics company Peloton (NASDAQ:PTON) fell 5.4%. Is now the time to buy Peloton? Access our full analysis report here, it's free. Applied Digital's shares are extremely volatile and have had 115 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 11 days ago when the stock gained 51% on the news that it signed two long-term lease agreements for artificial intelligence data centers with Nvidia-backed AI hyperscaler CoreWeave. APLD is expected to deliver 250 megawatts (MW) of power for CoreWeave's AI and high-performance computing (HPC) infrastructure at its North Dakota data center campus. The bigger takeaway is financial: across the 15-year term, these contracts are expected to generate about $7 billion in revenue, providing significant long-term financial visibility for Applied Digital. The stock's reaction suggested investors viewed the deals as both a reliable new stream of recurring income and a clear signal that Applied Digital is well positioned in the rapidly expanding AI-data-center space. Applied Digital is up 43.3% since the beginning of the year, but at $11.18 per share, it is still trading 19.4% below its 52-week high of $13.86 from June 2025. Investors who bought $1,000 worth of Applied Digital's shares 5 years ago would now be looking at an investment worth $124,196. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Zawya
05-06-2025
- Business
- Zawya
AI-driven search ad spending set to surge to $26bln by 2029, data shows
Spending on AI-powered search advertising is poised to surge to nearly $26 billion by 2029 from just over $1 billion this year in the U.S., driven by rapid adoption of the technology and more sophisticated user targeting, data from Emarketer showed on Wednesday. Companies that rely on traditional keyword-based search ads could experience revenue declines due to the growing popularity of AI search ads, which offer greater convenience and engagement for users, according to the research firm. WHY IT'S IMPORTANT Search giants such as Alphabet-owned Google and Microsoft's Bing have added AI capabilities to better compete with chatbots such as OpenAI's ChatGPT and Perplexity AI, which provide users with direct information without requiring to click through multiple results. Apple is exploring the integration of AI-driven search capabilities into its Safari browser, potentially moving away from its longstanding partnership with Google. The report has come as concerns grew about users increasingly turning to the chatbots for conversational search and AI-powered search results could upend business models of some companies. Online education firm Chegg said in May that it would lay off about 248 employees as it looks to cut costs and streamline operations because students are using AI-powered tools including ChatGPT over traditional edtech platforms. QUOTE "Publishers and other sites are feeling the pain from AI search. As they lose out on traffic, we're seeing publishers lean into subscriptions and paid AI licensing deals to bolster revenue," Emarketer analyst Minda Smiley said. AI search ad spending is expected to constitute nearly 1% of total search ad spending this year and 13.6% by 2029 in the U.S., according to Emarketer. Sectors such as financial services, technology, telecom, and healthcare are embracing AI as they are seeing clear advantages in using the technology to enhance their ad strategies, while the retail industry's adoption is slow, the report said. Google recently announced the expansion of its AI-powered search capabilities into the consumer packaged goods sector through enhancements in Google Shopping. (Reporting by Jaspreet Singh in Bengaluru; Editing by Maju Samuel)
