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Why UiPath, Shutterstock, and Duolingo Are Plummeting This Week

Keith Noonan, The Motley Fool
·4-min read
Why UiPath, Shutterstock, and Duolingo Are Plummeting This Week

Shares of UiPath (NYSE: PATH), Shutterstock (NYSE: SSTK), and Duolingo (NASDAQ: DUOL) have seen big losses in this week's trading amid concerns that artificial intelligence (AI) will disrupt their businesses. Online education services company Chegg published its first-quarter results on Monday, and while the company's sales and earnings for the period were better than anticipated, CEO Dan Rosensweig stated that OpenAI's ChatGPT was now hindering the business's customer growth. The warning from the executive triggered wide-ranging sell-offs for companies that could feasibly see negative impacts from disruptive AI technologies.

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