The company, once popular among students, said its “strategic” options could include a sale. Chegg blamed Google’s AI summaries for taking away traffic.

The online textbook and homework help company has seen its stock price crater since the pandemic and the rise of ChatGPT.

The online education company has tapped Goldman Sachs as it studies options such as going private or getting acquired.

Online education company Chegg has filed a landmark lawsuit against Google, accusing the tech giant of using AI-generated search summaries to divert traffic away from publishers. The lawsuit, filed Monday,

Chegg is only the latest publisher to take issue with Google’s efforts to inject Google Search with AI. A number of news outlets claim they’ve seen an impact on traffic from Google’s AI summaries in search, which draw from sources around the web to answer Google Search user queries.

Chegg has filed a federal antitrust lawsuit against Google – alleging that the company’s use of AI-generated summaries in search engine results has crushed its website traffic and revenue.

Chegg is suing Google parent Alphabet over claims the search engine’s artificial intelligence summary tool has hit its revenues, leading the US-listed educational technology group to weigh up a sale of the business.

Schultz’s prepared remarks said: “We would not need to review strategic alternatives if Google hadn’t launched AI Overviews, or AIO, retaining traffic that historically had come to Chegg, materially impacting our acquisitions, revenue, and employees.”

The tech industry is charging full-steam ahead on AI, investing tens of billions of dollars into the technology and insisting that consumers get used to having AI pop up in every program they use, from Gmail to iPhone notification summaries.

Educational tech company Chegg has sued Google in federal court claiming that its "AI Overviews" that appear ahead of search results have hurt its traffic and revenue. In order to be included in Google's search results,

"AI will make the world a better place!" That's what all the companies tell us. However, along with the benefits, we're seeing some pretty significant

Chegg has sued Google, saying the company’s AI search results have scraped material from its site, extinguishing demand from users and threatening its business. “Because AI ov