New York Times Sues Perplexity AI Over Copyright Infringement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2023
0mins
Should l Buy NYT?
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: 80.810
Low
55.00
Averages
69.33
High
81.00
Current: 80.810
Low
55.00
Averages
69.33
High
81.00
About NYT
The New York Times Company is a global media organization that includes newspapers, digital and print products, and related businesses. It is focused on creating, collecting, and distributing news and information that helps the audience understand and engage with the world. The Company's news product, The New York Times (The Times) is available on mobile applications, on its Website (NYTimes.com) and as a printed newspaper, and with associated content such as podcasts. The Company's interest-specific products include The Athletic, Games, Cooking, and Audio (read-aloud audio service), which are available on mobile applications and Websites; and Wirecutter, an online review and recommendation product. Its other businesses include licensing operations; commercial printing operations; live events business; and other products and services under The Times brand. The Company’s 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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