Wikipedia Partners with Microsoft, Meta, and Amazon to Monetize Content Reliance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Partnerships Established: The Wikimedia Foundation has formed partnerships with major tech companies including Microsoft, Meta, and Amazon, marking a significant step in monetizing their reliance on Wikipedia's content, which is expected to enhance revenue streams significantly.
- AI Training Data: Wikipedia's 65 million articles serve as crucial training data for generative AI chatbots and assistants developed by tech giants, driving up demand for its content and thereby increasing its market value.
- Enterprise Product Promotion: Wikimedia is pushing for greater adoption of its enterprise product, allowing tech companies to pay for access to its content to meet large-scale training needs, a move that is expected to alleviate cost pressures from increased server demands.
- Leadership Change: Wikimedia appointed former U.S. Ambassador to Chile Bernadette Meehan as its new CEO, effective January 20, which is anticipated to further drive the organization's strategic development and commercialization efforts.
Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.71 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
43 Analyst Rating
40 Buy
3 Hold
0 Sell
Strong Buy
Current: 242.600
Low
250.00
Averages
294.71
High
340.00
Current: 242.600
Low
250.00
Averages
294.71
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
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.
