Jim Cramer on New York Times: "I Like Their Case"

The New York Times Company (NYSE:NYT) is one of the stocks related to the AI space that Jim Cramer discussed. Cramer highlighted the company’s deals and ongoing lawsuit during the episode. He said:

“Who else could make out like a bandit by licensing their data to the big AI platforms? Hey, how about The New York Times? That’s the paper of record, for heaven’s sake. The New York Times has already begun to make some of these deals as well. In May, they announced a multi-year licensing agreement with Amazon that would allow Amazon to use their articles to train up AI models. I don’t know how much they’re getting, but the Gray Lady doesn’t need to spend an extra cent to make that money.

They’re just licensing out what already exists, and they’re real smart, and I read their briefs. I like their case. Plus, the Times has this ongoing lawsuit against OpenAI, which they originally brought almost two years ago. If they win, then the company could be looking at a significant new revenue stream, not just from OpenAI but from every other AI platform that will be forced to pay up to train their models on the paper of record. I think they got a very strong case. That said, The New York Times reports on Wednesday. I have no idea how the quarter’s going to be, okay? Maybe buy it on weakness.”

The New York Times Company (NYSE:NYT) produces and distributes news and information through digital, print, and audio platforms.

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Disclosure: None. This article is originally published at Insider Monkey.