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Stock impact report

With AI Washing, C-Suite Lets Tech Take the Credit (and the Blame) [Yahoo! Finance]

Chegg, Inc. (CHGG) 
Last chegg, inc. earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.chegg.com/overview/default.aspx
Company Research Source: Yahoo! Finance
For decades, Wall Street has been plagued by accusations of corporate greenwashing, using aggressive marketing tactics that leave the impression businesses are doing more for the environment than they actually are. Although the term was coined in the 1980s, the adoption of the Paris Agreement in 2015 led to an explosion of corporate pledges to reduce greenhouse gas emissions. Government regulators began cracking down, however, as promotion and perception increasingly diverged from reality. “Washing” proved so effective in that context, however, that observers say it's now being used to paint a similarly rosy, as well as illusory, picture of successful AI strategies. Sometimes, the goal is making companies appear ahead of the curve, or at least not behind it. On other occasions, it can mask cost-cutting measures such as layoffs. “CEOs love AI washing because it makes them sound innovative,” says J.P. Gownder, vice president and principal analyst at Forrester. “It sounds plausible. Show less Read more
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