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December 27, 2023 by MarketNewsData

From Dow Jones & Company:



The New York Times has filed a copyright lawsuit against Microsoft and OpenAI, alleging that they used its content without authorization to create AI products. This legal action is expected to have a wide impact on the future of the news-publishing business and generative-artificial-intelligence technologies.

Microsoft’s stock was down by 0.2% in premarket trading on Wednesday, while New York Times shares were up by 0.8%. The media company claims that the defendants in the suit avoided spending the billions of dollars it had invested in news gathering by using their work “without permission or compensation.”

Microsoft and OpenAI have not yet commented on the lawsuit, according to reports. This legal action is expected to shape the debate over generative-artificial-intelligence technologies and the use of content from news organizations by technology companies.



Read more: New York Times files copyright-infringement suit against Microsoft and OpenAI

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