NatalieLopez

 30 Apr 24

tl;dr

Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has closed a deal with News Corp. (NASDAQ:NWSA) to pay the media company between $5M and $6M per year to develop artificial intelligence-related content and products, The Information reported. The deal is part of a longer partnership between the two companies, the...

Google (NASDAQ:GOOG) (NASDAQ:GOOGL) has closed a deal with News Corp. (NASDAQ:NWSA) to pay the media company between $5M and $6M per year to develop artificial intelligence-related content and products, The Information reported. The deal is part of a longer partnership between the two companies, the news outlet added, citing a News Corp. employee and person close to the deal. News Corp. shares fell 1.5% in early trading, while Google shares were modestly higher. OpenAI signed a deal with the Financial Times on Monday to use its content to train AI models. It has signed deals with other publishers, including Axel Springer, French newspaper Le Monde, Spanish media conglomerate Prisa Media, the Associated Press, the American Journalism Project, and NYU. The New York Times Company (NYT) sued Microsoft (MSFT) and OpenAI for copyright infringement in late December, alleging the tech companies illegally used the newspaper's content to train artificial intelligence models.

More about Alphabet Inc Class C
Alphabet Inc. Class C Summary

Alphabet Inc. Class C Summary

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.

Financial Data

Sector: Technology

Services: Computer Programming, Data Processing, etc.

Market Cap: 2063104737000

Dividend Yield: 25.79

PE Ratio: None

EPS: 6.51

52-Week High: 25.37

52-Week Low: 0.259

Volume: 318145987000

Market Price: 166.05

Beta: 0.609

Volatility: 0.154

More about News Corp A

Company: News Corp A, News Corporation

Industry: Manufacturing, Newspapers: Publishing or Publishing & Printing

Market Cap: 13,887,540,000

Stock Price: $60.45

Change: 0.2

Change (%): 0.4%

PE Ratio: 17.39

EPS: $0.0229

Revenue: 9,965,000,000

Net Income: $31.86

Dividend Yield: 1.321%

Market Cap/Revenue: 0.026

More about New York Times Company
New York Times Company Stock Analysis

New York Times Company Stock Analysis Summary

The New York Times Company, a global provider of news and information, operates across various platforms. Headquartered in New York, it operates in the manufacturing and newspapers publishing sector.

Industry: Newspapers - Publishing or Publishing & Printing

Market Cap: $7.14 billion

Current Stock Price: $31.19

Price Change: $0.44 ( 1.4%)

Dividend Yield: 1.56%

EPS: $0.0969

Revenue: $2.399 billion

52-Week Range: $46.43

Beta (5Y Monthly): 0.564

PE Ratio: 0.015

More about Microsoft Corporation

Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue. It was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.

Industry: Technology

Sector: Services-Prepackaged Software

Market Cap: 298.96 billion

Current Price: $34.86

Change: $2.93

Change (%): 11.54%

Volume: 31.83 million

PE Ratio: 0.364

Shares Outstanding: 236.58 million

Beta: 436.81

Dividend Yield: 0.2%

EPS: 0.17

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 14 Nov 24
 14 Nov 24
 14 Nov 24