The New York Times Company (NYSE:NYT) is one of the stocks related to the AI space that Jim Cramer discussed. Cramer highlighted the company’s deals and ongoing lawsuit during the episode. He said:
“Who else could make out like a bandit by licensing their data to the big AI platforms? Hey, how about The New York Times? That’s the paper of record, for heaven’s sake. The New York Times has already begun to make some of these deals as well. In May, they announced a multi-year licensing agreement with Amazon that would allow Amazon to use their articles to train up AI models. I don’t know how much they’re getting, but the Gray Lady doesn’t need to spend an extra cent to make that money.
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
The New York Times Company (NYSE:NYT) produces and distributes news and information through digital, print, and audio platforms.
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Disclosure: None. This article is originally published at Insider Monkey.
