Chegg

AHEAD BY BETT RETURNS FOR DEEP-DIVE INTO FUTURE OF HIGHER EDUCATION AND SKILLS IN THE AGE OF AI

Retrieved on: 
Thursday, January 18, 2024

LONDON, Jan. 18, 2024 /PRNewswire/ -- The global higher education community is set to gather at the Ahead by Bett Auditorium for a lineup of insightful talks by industry leaders, fireside chats with changemakers, and peer discussions with fellow educators on the key trends transforming the sector: from the rise of artificial intelligence to upskilling staff for the future of work. Tickets for Bett UK 2024 are available online. 

Key Points: 
  • Bringing together more than 30,000 educators, innovators, and changemakers, it is the world's biggest EdTech show.
  • Across the three days, the future of AI in higher education will take centre-stage in the Ahead by Bett Auditorium, a feature first launched in 2022.
  • A host of other themes at the heart of higher education will be explored at Ahead by Bett.
  • Rt Hon Gillian Keegan MP, the UK'' Secretary of State for Education, will then be delivering an opening address.

Introducing Avail: A New Platform Harnessing AI to Help Hollywood Cover More IP and Innovate the Pre-Production Process

Retrieved on: 
Monday, December 4, 2023

Avail’s coverage offering summarizes scripts and books of any length, outputting a hallucination-free detailed summary, character breakdown, and tonal assessment within minutes.

Key Points: 
  • Avail’s coverage offering summarizes scripts and books of any length, outputting a hallucination-free detailed summary, character breakdown, and tonal assessment within minutes.
  • “After months of R&D, we’re thrilled to share Avail with the industry,” said Chris Giliberti, Co-Founder and CEO of Avail.
  • “In my executive days, the biggest challenge I faced was keeping up with the myriad of submissions.
  • Liu built his own platform for students as an undergrad, and began his tech leadership career at startups Chegg and Smule.

eDreams ODIGEO Shares Insights on Infusing AI Into Business Operations at the Financial Times’ Future of AI Summit

Retrieved on: 
Friday, November 24, 2023

Following the AI Safety Summit which convened world leaders to discuss AI regulation, the global spotlight remains firmly on AI with the conversation continuing at the FT’s first Future of AI Summit.

Key Points: 
  • Following the AI Safety Summit which convened world leaders to discuss AI regulation, the global spotlight remains firmly on AI with the conversation continuing at the FT’s first Future of AI Summit.
  • As a pioneer of AI in online travel and e-commerce, eDreams ODIGEO was invited to share how the business is leveraging AI to revolutionize the travel experience.
  • Carsten Bernhard joined a discussion, moderated by the FT’s Senior Business Writer Andrew Hill, alongside Volvo Group’s Analytics & Insights Leader, Jair Ribeiro to discuss how to infuse AI into the whole business.
  • Bernhard outlined that the Company's forefront in AI is evident through its cutting-edge travel booking brands (eDreams, Opodo, GO Voyages, and Travellink).

Chegg Announces New $150 Million Accelerated Share Repurchase

Retrieved on: 
Wednesday, November 15, 2023

Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that it has entered into an accelerated share repurchase agreement (“ASR”) with Morgan Stanley Bank, National Association, to repurchase $150 million of Chegg’s common stock.

Key Points: 
  • Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that it has entered into an accelerated share repurchase agreement (“ASR”) with Morgan Stanley Bank, National Association, to repurchase $150 million of Chegg’s common stock.
  • Under the ASR, Chegg will make an initial payment of $150 million to Morgan Stanley Bank, National Association, and will receive an initial delivery of approximately 13.5 million shares of its common stock by November 15, 2023.
  • As of October 31, 2023, $153.7 million remained available for future repurchases under this program and $3.7 million will remain available after completion of the ASR.
  • There is no expiration date for the repurchase program, and it will continue until otherwise suspended, terminated or modified at any time for any reason by our board of directors.

UserWay Expands Executive Leadership with Key Appointments in Product and Communications

Retrieved on: 
Monday, November 20, 2023

WILMINGTON, Del., Nov. 20, 2023 /PRNewswire/ -- UserWay (TASE: UWAY), a full-service provider of digital accessibility technologies, announced the appointments of Sophia Tupolev-Luz as Vice President of Communications and Etay Geller as Vice President of Product.

Key Points: 
  • WILMINGTON, Del., Nov. 20, 2023 /PRNewswire/ -- UserWay (TASE: UWAY), a full-service provider of digital accessibility technologies, announced the appointments of Sophia Tupolev-Luz as Vice President of Communications and Etay Geller as Vice President of Product.
  • Tupolev-Luz is a seasoned B2B communications strategist, economic inclusion advocate, and non-profit leader.
  • Before joining UserWay, she led communications for several socially impactful technology startups and advised many others.
  • Geller brings to UserWay a wealth of experience in product management and a history of successful product launches reaching hundreds of millions of users each month.

Over Half (55%) of Undergraduate Students Worldwide Want Involvement of Human Expertise in GenAI, According to New Global Survey

Retrieved on: 
Wednesday, November 8, 2023

Chegg.org launched its Global Student Survey in 2021, during COVID lockdowns, and has conducted a survey every year since.

Key Points: 
  • Chegg.org launched its Global Student Survey in 2021, during COVID lockdowns, and has conducted a survey every year since.
  • Crucially, according to our survey, the top priority for improving the technology among all those surveyed worldwide was the involvement of human expertise.
  • At the same time, 54% of students worldwide have experienced daily feelings of anxiety – with those in the US (68%) worst affected.
  • In addition, nearly half (46%) of students globally have suffered academic burnout, particularly those in South Korea (70%).

Unique Bundling Model from Sovrn Proven to Increase Yield for Publishers While Improving Efficiency for Buyers

Retrieved on: 
Monday, November 6, 2023

BOULDER, Colo., Nov. 6, 2023 /PRNewswire/ -- Sovrn, a publisher technology platform that helps content creators earn and keep more of their revenue, today announced that testing with more than 100 publishers proved that its bundled offer of Ad Management and Exchange products together, which offer a zero take-rate and direct-to-demand path, boosted revenue for publishers while increasing efficiency for buyers. Test results showed an average increase of 16% in the publisher's share of advertising spend, driven by an average 35% increase in publisher revenue earned through the Sovrn Exchange — the direct supply path.

Key Points: 
  • Test results showed an average increase of 16% in the publisher's share of advertising spend, driven by an average 35% increase in publisher revenue earned through the Sovrn Exchange — the direct supply path.
  • First announced in March , the bundled solution delivers higher net revenue to publishers, while also unlocking greater demand from buyers.
  • This resulted in Sovrn ranking as the second-highest performing exchange for publishers, behind only Google's AdX, when measured across the entire network of publishers.
  • With proof that bundling Sovrn Ad Management and Exchange together delivers clear revenue benefits for publishers, while improving efficiency for buyers, Sovrn is now making this bundling option widely available.

Chegg Reports Third Quarter 2023 Earnings

Retrieved on: 
Monday, October 30, 2023

Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2023.

Key Points: 
  • Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today reported financial results for the three months ended September 30, 2023.
  • Subscription Services includes revenues from our Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings.
  • Chegg had a good quarter, delivering better than expected results, as we saw stabilization in new accounts and increases in overall retention and in the take rate of Chegg Study Pack.
  • Because Chegg is verticalized for learning, what isn’t surprising is that when students try us and compare us to more general AI solutions, Chegg outperforms.

Chegg Reports New Hire Equity Grant Under NYSE Rule 303A.08

Retrieved on: 
Tuesday, October 17, 2023

Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that on October 12, 2023, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan, which was adopted by Chegg’s Board of Directors on October 11, 2023.

Key Points: 
  • Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that on October 12, 2023, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan, which was adopted by Chegg’s Board of Directors on October 11, 2023.
  • Dana Underwood, Chegg’s newly hired Chief Product Officer, received an award of restricted stock units (“RSUs”) representing 243,902 shares of Chegg common stock in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08.
  • The RSU award will vest with respect to the first 25% of the shares underlying the award after 12 months of continuous service, and the remaining underlying shares will vest in equal quarterly installments for 36 months, after the completion of each full quarter of continuous service thereafter.

Chegg to Announce Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 4, 2023

Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the third quarter of 2023, which ended September 30, 2023, on Monday, October 30, 2023, after the market close.

Key Points: 
  • Chegg, Inc. (NYSE: CHGG), the leading student-first connected learning platform, announced today that it is scheduled to release its earnings results for the third quarter of 2023, which ended September 30, 2023, on Monday, October 30, 2023, after the market close.
  • Chegg will host a conference call to discuss the third quarter financial results at 1:30 p.m. Pacific Daylight Time (4:30 p.m. Eastern Daylight Time) on the same day.
  • A live webcast of the call will also be available at https://investor.chegg.com under the Events & Presentations menu.
  • An audio replay will be available from 7:30 p.m. Eastern Daylight Time on October 30, 2023, until 11:59 p.m. Eastern Standard Time on November 6, 2023, by calling 1-844-512-2921 or outside the U.S. +1-412-317-6671, with Access ID 13741760.