According to an ongoing research study by Shakked Noy &  Whitney Zhang from MIT, ChatGPT as an AI language model, is fast evolving to have an impact on business productivity. 

The study conducted in the context of mid-level professional writing tasks have some interesting findings 

Increase productivity by 59%, with time taken decreases and output quality rises 

You can read the full working paper

On a side note, Chegg became possibly the first company feeling the impact of generative AI. Founded in 2005, Chegg is an education technology company that provides homework help as a service, as well as digital and physical textbook rentals.

The stock of EdTech Chegg dived -50% in the last two months as the CEO admits that OpenAI’s viral chatbot ChatGPT is having a direct impact on their business.  

Read the full story here

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