Australian News Group Profits Down 75%, But Optimistic About the Future of Artificial Intelligence
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10
Translated data:
Australian News Corp reported a 75% decline in full-year profits for 2023, primarily due to a slump in print and digital advertising revenue in Australia. However, News Corp remains optimistic about the development of artificial intelligence, as for the first time, over half of its revenue came from digital streaming, and they are planning to explore new revenue sources in the AI era. News Corp is actively negotiating to determine the value of its unique content collection and intellectual property in the age of artificial intelligence.
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