Wednesday marks Rupert Murdoch’s last day as chairman of News Corp., the publishing company that formed his initial entry into the U.S. market nearly 50 years ago. His son Lachlan Murdoch, the CEO of Fox Corp., will assume the role of chairman in his place.
But he told shareholders of the company that he does not intend to ride off into the sunset.
“As you know, I am moving to the role of Chairman Emeritus, and Lachlan will become the sole Chair of News Corp. Lachlan is a principled leader, and a believer in the social purpose of journalism,” Murdoch said at News Corp.’s annual shareholder meeting Wednesday. “I hope to continue an active role in the company.”
Murdoch, 92, delivered the opening remarks, and introduced News Corp.’s CEO Robert Thomson. But he also weighed in on current events, paying tribute to journalists in the Middle East and Ukraine,...
But he told shareholders of the company that he does not intend to ride off into the sunset.
“As you know, I am moving to the role of Chairman Emeritus, and Lachlan will become the sole Chair of News Corp. Lachlan is a principled leader, and a believer in the social purpose of journalism,” Murdoch said at News Corp.’s annual shareholder meeting Wednesday. “I hope to continue an active role in the company.”
Murdoch, 92, delivered the opening remarks, and introduced News Corp.’s CEO Robert Thomson. But he also weighed in on current events, paying tribute to journalists in the Middle East and Ukraine,...
- 11/15/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
News Corp. expects to generate big bucks from generative artificial intelligence.
On News Corp.’s fiscal first-quarter earnings call, CEO Robert Thomson said that the company is in “advanced discussions” with companies to license its content for their AI engines.
“We are in advanced discussions with a range of digital companies that we anticipate will bring significant revenue in return for the use of our unmatched content sets,” Thomson said. “Generative AI engines are only as sophisticated as their inputs and need constant replenishing to remain relevant. And we are proud to partner with responsible purveyors of AI products and their prescient leaders.”
He also added some thoughts of his own about the technology, with a typical Thomson flourish.
“One observation about generative AI, we often hear about misinformation and disinformation, to the point where the very words have become politicized and polluted,” he said. “The potential for the proselytizing...
On News Corp.’s fiscal first-quarter earnings call, CEO Robert Thomson said that the company is in “advanced discussions” with companies to license its content for their AI engines.
“We are in advanced discussions with a range of digital companies that we anticipate will bring significant revenue in return for the use of our unmatched content sets,” Thomson said. “Generative AI engines are only as sophisticated as their inputs and need constant replenishing to remain relevant. And we are proud to partner with responsible purveyors of AI products and their prescient leaders.”
He also added some thoughts of his own about the technology, with a typical Thomson flourish.
“One observation about generative AI, we often hear about misinformation and disinformation, to the point where the very words have become politicized and polluted,” he said. “The potential for the proselytizing...
- 11/9/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
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