AI is Ripping Off Stock Image Platforms
Some are taking it in their stride; others are up in arms. What should you do?
Chegg, the most valuable EdTech platform in the United States, lost 48% of its share price in a day when it declared that Chat GPT was impacting its business.
Instead of using Chegg, which gives students the "ability to pass courses without doing the work by providing access to its database of at least 46 million textbook and exam problems," they started using ChatGPT.
If that was not all, the freelancers on its platform also started taking them for a ride. They got answers from ChatGPT and posted on Chegg for a reasonable commission. Chegg had to send a note to all experts explaining that such practices won't be tolerated.
Now, Chegg is partnering with its foe ChatGPT to build CheggMate, its own chatbot that uses the vast content repository that it has built over the years.
The stock photo platforms are in the same boat that Chegg is trying to keep afloat.
The forces unleashed by the text-to-image generators on the supply and demand sides are tearing…
