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News Corp. (NWSA) reported earnings 30 days ago. What's next for the stock?
Media stocks are a tricky investment. While legacy media stocks like Paramount Global (NASDAQ: PARA ) were once dominant, their waning influence makes their former blue-chip status increasingly untenable.
A deal announced Wednesday between ChatGPT maker OpenAI and News Corp (NWSA) could have wide-ranging implications across the media industry.
News Corp (NASDAQ:NWSA), the owner of The Times, The Sun and other newspapers, is set to open 6% higher after it signed a deal with OpenAI to provide it with content from its publications. OpenAI, the ChatGPT maker, will now have permission to use content from all of the multimedia group's titles when answering a user's question and to enhance its products.
News Corp (NASDAQ:NWSA), the owner of The Times, The Sun and other newspapers, is set to open 6% higher after it signed a deal with OpenAI to provide it with content from its publications. OpenAI, the ChatGPT maker, will now have permission to use content from all of the multimedia group's titles when answering a user's question and to enhance its products.
News Corp. shares traded higher on Thursday after the media conglomerate inked a content deal with artificial-intelligence leader OpenAI.
There remains a vast repository of content from WSJ and other outlets that will significantly enrich OpenAI's generative AI products.
OpenAI has signed a deal with News Corp, a media conglomerate, that will give the artificial intelligence (AI) company access to content from many news organizations.
“We believe an historic agreement will set new standards for veracity, for virtue and for value in the digital age,” News Corp. CEO Robert Thomson said in a statement.
Deal lets ChatGPT maker use all articles from Wall Street Journal, New York Post, Times and Sunday Times for AI model development