Reported about 8 hours ago
Chegg Inc. has filed a lawsuit against Google and its parent company Alphabet, claiming that the launch of Google's AI summary tool has severely affected traffic to its online education platform, forcing the company to consider strategic alternatives. CEO Nathan Schultz noted that the Google AI product has unfairly diverted users away from Chegg, leading to an 18% drop in stock value. The lawsuit highlights broader concerns about Google's dominance in the search market and its implications for content creators.
Source: YAHOO