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News Corp

All articles tagged with #news corp

business4 months ago

Lachlan Murdoch Secures Control in Family Media Succession

Lachlan Murdoch, Rupert Murdoch's eldest son, has been officially designated as the future leader of the Murdoch media empire, which includes Fox News and News Corp., following a long-standing rivalry with his brother James. Born in London and raised in New York, Lachlan has spent much of his life in Australia and the U.S., and has been involved in the family's media businesses since 1994. He is seen as more conservative and less politically active than his father, focusing on maintaining the center-right stance of the media outlets under his leadership, and has overseen significant financial success for the empire.

entertainment1 year ago

Rupert Murdoch Weds Elena Zhukova at California Vineyard

Media mogul Rupert Murdoch, 93, married his fifth wife, retired molecular biologist Elena Zhukova, 67, in a ceremony at his Moraga winery in Bel-Air. This marriage comes shortly after Murdoch's brief engagement with Ann Lesley Smith and follows his previous marriages to Patricia Booker, Anna Torv, Wendi Deng, and Jerry Hall. The wedding marks a new chapter for Murdoch, who recently stepped down from his executive roles at Fox Corp. and News Corp.

business-news1 year ago

"Wall Street Journal Faces Layoffs Amid AI Deal and Record Profits"

The Wall Street Journal has continued laying off journalists despite record profits, a surge in paid subscribers, and a lucrative $250 million licensing deal with OpenAI. The layoffs, part of a broader reorganization led by Editor in Chief Emma Tucker, have sparked protests from the newsroom's union. Tucker claims the changes are necessary for digital growth and high-quality journalism, but staff morale is low, and the union is negotiating for better pay and protections against AI use.

businesstechnology1 year ago

OpenAI and News Corp Ink Multi-Year Content Deal

OpenAI has entered a multiyear deal with News Corp. to use its news content for AI training and answering user questions, accessing material from major publications like The Wall Street Journal and New York Post. The deal, potentially worth over $250 million, highlights a collaborative approach between AI and media companies, contrasting with The New York Times' lawsuit against OpenAI for using its content without permission.

technology1 year ago

OpenAI and News Corp Ink $250M Multi-Year Content Deal

OpenAI and News Corp have agreed on a multi-year deal worth an estimated $250 million to incorporate News Corp's journalism into ChatGPT, allowing OpenAI to access current and archived content for AI model training. This partnership highlights the growing trend of AI companies paying for premium content to enhance their models, amidst a backdrop of legal and ethical concerns from other publishers.

technologymedia1 year ago

OpenAI and News Corp Ink $250M Multi-Year Content Licensing Deal

OpenAI has struck a multiyear deal with News Corp to license current and archived content from major news outlets like The Wall Street Journal and The New York Post for training and servicing AI chatbots. The financial terms were not disclosed, but the deal is reportedly worth up to $250 million over five years. This agreement aims to set new standards for digital content use, though it has raised concerns among publishers about AI's impact on their business and compensation for content use.

businesstechnology1 year ago

News Corp. and OpenAI Ink $250M Multi-Year Content Deal

OpenAI has signed a major licensing deal with News Corp, allowing its AI products like ChatGPT to use content from News Corp's media outlets. This partnership aims to enhance the quality of information provided by OpenAI's tools and uphold high journalism standards. The deal includes content from prominent publications such as The Wall Street Journal and The Times. News Corp CEO Robert Thomson and OpenAI CEO Sam Altman both expressed optimism about the collaboration's potential to set new standards in the digital age.

entertainment1 year ago

"Rupert Murdoch, 92, to Marry Retired Scientist Elena Zhukova"

Media mogul Rupert Murdoch, 92, is engaged to retired scientist Elena Zhukova, marking his sixth engagement and potentially his fifth marriage. The wedding is set to take place at his California vineyard in June. Murdoch, who stepped down from his role as head of News Corp, has handed over the reins to his oldest son, Lachlan Murdoch. This marks the latest chapter in the billionaire's eventful personal life, which has included four previous marriages and a high-profile relationship with model Jerry Hall.