Beyond the Tech Giants: 35 Non-Tech AI Opportunities

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16. News Corporation (NASDAQ:NWSA)

Number of Hedge Fund Holders: 41 

News Corporation (NASDAQ:NWSA) is a media and information services company that creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. The company beat market expectations on earnings per share and revenue in the fourth fiscal quarter. During the earnings call, Robert Thomson, the CEO, said that a landmark agreement with OpenAI was not only expected to be lucrative, but would enable the firm to work closely with a trusted, pre-eminent partner to fashion a future for professional journalism and for provenance. He also said his firm was taking legal steps against AI aggressors who were predatory in the confiscation of content.

Earlier this year, News Corporation (NASDAQ:NWSA) had signed an agreement with OpenAI, the California-based AI startup that launched ChatGPT back in late 2022. Under the terms of the deal, OpenAI would have permission to display content from News Corp in response to user queries. The startup would have access to new and archived content. Some prominent publications that are part of News Corp include The Wall Street Journal, New York Post; The Times, The Sunday Times and The Sun, among others.

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