News Corp Stock Pops On Multiyear Deal With OpenAI
Portfolio Pulse from Adam Eckert
News Corp (NASDAQ:NWSA) (NASDAQ:NWS) announced a multiyear global partnership with OpenAI to provide news content and journalistic expertise to OpenAI products. This partnership will allow OpenAI to access and display content from News Corp's major publications, enhancing its offerings. Following the announcement, News Corp shares rose by 4.01% after-hours.
May 22, 2024 | 9:32 pm
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POSITIVE IMPACT
News Corp (NWS) announced a multiyear partnership with OpenAI to provide news content and journalistic expertise. This partnership is expected to enhance OpenAI's products and has already led to a 4.01% increase in News Corp's stock price after-hours.
The partnership with OpenAI is a significant development for News Corp, providing a new revenue stream and enhancing its visibility in the AI space. The immediate 4.01% increase in stock price reflects investor optimism about the potential benefits of this deal.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
News Corp (NWSA) announced a multiyear partnership with OpenAI to provide news content and journalistic expertise. This partnership is expected to enhance OpenAI's products and has already led to a 4.01% increase in News Corp's stock price after-hours.
The partnership with OpenAI is a significant development for News Corp, providing a new revenue stream and enhancing its visibility in the AI space. The immediate 4.01% increase in stock price reflects investor optimism about the potential benefits of this deal.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100