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New York Times Stock Rises on Microsoft, OpenAI Lawsuit

New York Times Inc (NYSE:NYT) stock was last seen up 1.9% at 48.26,afterthemediagiantbecameoneofthefirsttosuebothOpenAIandMicrosoft(MSFT),claimingcopyrightinfringement.Inacourtfiling,theTimesaccusedthetwocompaniesofusingmillionsofitsarticleswithoutpermissionorpaymenttotrainsubstitutiveartificialintelligence(AI)technologies,suchasChatGPT.SharesarebouncingbackfromapullbackfromtheirDec.4,twoyearhighof48.26, after the media giant became one of the first to sue both OpenAI and Microsoft (MSFT), claiming copyright infringement. In a court filing, the Times accused the two companies of using millions of its articles without permission or payment to train substitutive artificial intelligence (AI) technologies, such as ChatGPT.Shares are bouncing back from a pullback from their Dec. 4, two-year high of 48.80, with support stemming from the 40-day ...