We recently published a list of 10 AI Stocks Gaining Wall Street’s Attention. In this article, we are going to take a look at where Amazon.com Inc. (NASDAQ:AMZN) stands against other AI stocks that are gaining Wall Street’s attention.
On May 29, Reuters reported that The New York Times has allowed Amazon.com, Inc. (NASDAQ:AMZN) to use its editorial content for artificial intelligence products such as Alexa. The move marks the publisher’s first licensing deal tied to generative AI.
Amazon.com Inc. is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.
A customer entering an internet retail store, illustrating the convenience of online shopping.
The multi-year agreement will allow Amazon to use news articles from The Times, along with content from NYT Cooking and sports website The Athletic.
“This will include real-time display of summaries and short excerpts of Times content within Amazon products and services, such as Alexa, and training Amazon’s proprietary foundation models.”
-NYT.
With companies such as OpenAI increasingly facing legal scrutiny pertaining to data usage, the move marks a step forward for Amazon as it secures access to high-quality content for improving its large language models.
Emarketer analyst Max Willens also approved the move, stating that the NYT’s deal with Amazon “creates a valuable opportunity to market the Times to people who do not yet subscribe. “
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This article is originally published at Insider Monkey.
