April 29, 2026, New York City, New York, USA: Chegg has become one of the clearest examples of how AI can disrupt an entire business.Once valued at 4.7 billion, the company has lost nearly all of its market value from its peak.The biggest threat came from OpenAI's ChatGPT, which gives students instant answers for free.As traffic dropped, Chegg cut jobs, closed offices, and struggled to protect its model.Its decline is now being seen as an early warning for companies vulnerable to AI replacement.Apple Iphone screengrab of the Chegg website bannerpage. (Credit Image: © Billy Tompkins/ZUMA

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April 29, 2026, New York City, New York, USA: Chegg has become one of the clearest examples of how AI can disrupt an entire business.Once valued at 4.7 billion, the company has lost nearly all of its market value from its peak.The biggest threat came from OpenAI's ChatGPT, which gives students instant answers for free.As traffic dropped, Chegg cut jobs, closed offices, and struggled to protect its model.Its decline is now being seen as an early warning for companies vulnerable to AI replacement.Apple Iphone screengrab of the Chegg website bannerpage. (Credit Image: © Billy Tompkins/ZUMA
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April 29, 2026, New York City, New York, USA: Chegg has become one of the clearest examples of how AI can disrupt an entire business.Once valued at 4.7 billion, the company has lost nearly all of its market value from its peak.The biggest threat came from OpenAI's ChatGPT, which gives students instant answers for free.As traffic dropped, Chegg cut jobs, closed offices, and struggled to protect its model.Its decline is now being seen as an early warning for companies vulnerable to AI replacement.Apple Iphone screengrab of the Chegg website bannerpage. (Credit Image: © Billy Tompkins/ZUMA

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