NWS News: News Corp beats Street estimates, touts generative AI efforts - 10th Nov 2023, 8:20am

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By Chavi Mehta

(Reuters) -Media conglomerate News Corp beat Wall Street targets for first-quarter revenue and profit on Thursday and said it was in advanced talks to strike deals on the use of its content for generative artificial intelligence(AI).

The company's Chief Executive Robert Thomson has been a vocal proponent of having generative AI companies pay for using its content to train their large language models. He has also touted the technology's potential to help reduce costs.

"We are ac...

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