In an exciting after-hours trading session today, News Corp (NWSA) saw its stock price climb to $27.80. This impressive uptick represents a $1.85 gain, translating to a 7.13% increase from its previous closing price. The trading volume was robust, with 436.4K shares changing hands, indicating heightened investor interest and activity. This after-hours surge suggests a wave of optimism among investors, likely fueled by recent company announcements or earnings reports.
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On May 22, 2024, News Corp and OpenAI unveiled a groundbreaking, multi-year agreement designed to integrate News Corp’s news content with OpenAI’s advanced platforms. This partnership grants OpenAI permission to use content from News Corp’s prominent publications, allowing users to access trustworthy information and make informed decisions.
Through this collaboration, OpenAI will gain access to both current and archived content from major News Corp outlets, including The Wall Street Journal, Barron’s, MarketWatch, Investor’s Business Daily, FN, and the New York Post, as well as The Times, The Sunday Times, The Sun, The Australian, news.com.au, The Daily Telegraph, The Courier Mail, The Advertiser, and Herald Sun, among others. However, this agreement does not extend to content from News Corp’s other businesses.
Beyond just providing content, News Corp will also contribute its journalistic expertise to help maintain high standards of journalism across OpenAI’s offerings. This partnership aims to ensure that OpenAI’s products continue to deliver reliable and quality news to users worldwide.
