New York Times Sues Perplexity AI Over Copyright Infringement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2023
0mins
Source: CNBC
The New York Times Co saw a price increase of 3.01%, reaching a 52-week high as it filed a lawsuit against Perplexity AI for copyright infringement.
The lawsuit alleges that Perplexity unlawfully used the Times' articles and videos, which could significantly impact the perceived value of its content. This legal action highlights the ongoing struggle of media companies to protect their intellectual property in the rapidly evolving AI landscape.
As the case unfolds, it may set a precedent for how copyright laws are applied in the digital age, potentially influencing other media companies to take similar actions to safeguard their rights.
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Analyst Views on NYT
Wall Street analysts forecast NYT stock price to fall
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 74.460
Low
55.00
Averages
69.33
High
81.00
Current: 74.460
Low
55.00
Averages
69.33
High
81.00
About NYT
The New York Times Company is a global media company focused on creating and distributing news and information that helps its audience understand and engage with the world. Its core news product, The New York Times (The Times), is available on its mobile application, on its website (NYTimes.com) and as a printed newspaper, and associated content, such as its podcasts. Its other interest-specific products, including The Athletic (its sports media product), Audio (its audio offering available as a separate subscription through its news app), Cooking (its recipes and cooking content product) and Games (its puzzle games product), which are available on mobile applications and websites, and Wirecutter (its product review and recommendation offering). Its related businesses, such as its licensing operations, its commercial printing operations and other products and services under The Times brand. The Times’s print edition newspaper is published seven days a week in the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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