News Corp. CEO Robert Thomson is optimistic about the improved business conditions in the U.S. following the recent election, stating that the “yoke of woke” has been lifted. Thomson made these comments during his remarks to investors after the company’s second-quarter earnings report.
Thomson highlighted a tangible increase in business confidence since the election, attributing it to economic optimism and a cultural awakening. He expressed belief that these trends would lead to less regulation, greater capital formation, and more opportunities for Americans. Additionally, Thomson mentioned the record revenue of $600 million at Dow Jones for the quarter, driven by improved circulation revenues and digital subscription growth.
In terms of partnerships, News Corp. has signed a licensing agreement with AI platform OpenAI and has taken legal action against Perplexity, an AI search engine accused of using copyrighted material. Thomson emphasized the importance of protecting intellectual property in the AI space.
Thomson also commented on the rise of newcomer Deep Seek, noting the significance of providing fresh and trusted news content for AI players. He believes that content will ultimately be crucial in the world of AI.
Overall, News Corp. is optimistic about the future of the company and the opportunities presented by the changing business landscape in the U.S.
Source link
