News Corp. is poised to profit significantly from artificial intelligence with a focus on relational knowledge.
During the fiscal first-quarter earnings call, CEO Robert Thomson revealed that News Corp. is actively engaged in discussions with various companies to license its content for their AI platforms. Thomson emphasized the importance of continuous content updates to enhance the effectiveness of generative AI systems, highlighting the critical role of quality inputs in driving their performance. He expressed pride in collaborating with ethical AI content creators and forward-thinking professionals.
In a departure from the conventional narrative, Thomson shared his insights on the evolving landscape of AI technology. He cautioned against the misuse of AI for propagandistic or deceptive purposes, underscoring the need for vigilant oversight and authentic editorial scrutiny to counteract malicious intent effectively.
News Corp. announced a revenue of \(2.5 billion, marking a 1% increase from the previous year, with the HarperCollins book publishing division leading the growth with a net income of \)58 million. Thomson mentioned ongoing strategic evaluations within the company, hinting at potential restructuring measures without specifying details.
Acknowledging Rupert Murdoch’s imminent transition to a less active role within the company, Thomson lauded Murdoch’s unwavering commitment and invaluable expertise. He reassured stakeholders of Murdoch’s continued involvement and highlighted his enduring influence on News Corp.’s ethical journalism practices. With Lachlan set to assume the sole chairmanship, Thomson expressed confidence in his diverse skill set and ethical principles, emphasizing the pivotal role he will play in guiding News Corp. through its next phase of growth and development.
