TechCheck+ AI Roadkill 5/5/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 5 May 2023
⏱️ 6 minutes
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| 0:00.0 | You've heard about the AI winners, Microsoft, Google, and video. They're leading the shift. |
| 0:08.0 | But what about AI Roadkill? The companies who could see entire business models eviscerated by the coming wave of generative |
| 0:15.2 | AI like Ed Tech Company, Chegg, the first public company to blame AI and ChatGBT for a week |
| 0:20.8 | outlook and lose 50% of its value in one day. It won't be the last. |
| 0:26.0 | This week on Tech Check Weekly we're looking at them, the company's most at risk from an AI revolution. |
| 0:32.0 | Anybody who thinks that AI is not going to have an impact just isn't really paying attention. |
| 0:36.0 | Microsoft, Open AI, Mid Journey, even Meta and Adobe have all built some hype and value around splashy AI announcements and real life |
| 0:44.7 | applications of their products. Generally that's been seen as a positive by |
| 0:49.2 | investors. The only major company that's seen public blowback is perhaps Alphabet as investors |
| 0:54.7 | criticize the company for being too slow to roll out AI projects publicly and |
| 0:58.8 | lose the zeitgeist lead to Microsoft. But taking a step back, Alphabet has been working on AI for decades |
| 1:06.3 | and it's still largely seen as a big beneficiary and driver of this computing shift. |
| 1:11.2 | So it's hard to say they've lost when you're still at the |
| 1:14.5 | top of the first inning. So it was notable this week when we saw the first real |
| 1:19.2 | victims of this chat gbt and new wave of AI chatbots. |
| 1:23.2 | Companies often blame soft results on the weather or inflation |
| 1:26.6 | or economic uncertainty, but Chegg had a new fall guy. |
| 1:30.6 | It came out and blamed artificial intelligence. |
| 1:33.6 | Chegg is an education software company. |
| 1:35.9 | It provides homework help, digital and physical textbook rentals, online tutoring and other student |
| 1:41.2 | services. |
| 1:42.2 | Basically, it is a resource for students. |
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