New York Times Sues OpenAI and Microsoft - AI Copyright Infringement Amid 54% Stock Surge
Portfolio Pulse from Zaheer Anwari
The New York Times has filed a lawsuit against OpenAI and Microsoft, alleging copyright infringement by ChatGPT for using its content without permission. The lawsuit claims this has led to direct competition and financial losses for the Times. Microsoft's stock (NASDAQ:MSFT) has surged 54% this year but saw a slight decline of 1.31% in December. The stock closed at $374.07 on December 27, down by 0.22% after the bell.
December 29, 2023 | 7:12 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Microsoft is involved in a lawsuit with The New York Times over copyright infringement by ChatGPT. Despite the legal challenge, MSFT stock has grown significantly this year, although it experienced a minor decline in December.
While the lawsuit is significant news, the impact on Microsoft's stock price in the short term may be limited due to the company's overall strong performance and growth throughout the year. Legal proceedings typically take time to resolve, and the market may have already priced in such risks.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80