Tim Bray on Nostr: News Corp had a really bad financial year - bottom line down 75% - But they’re ...

News Corp had a really bad financial year - bottom line down 75% - https://www.theguardian.com/media/2023/aug/11/profits-dive-at-news-corp-as-media-group-hints-at-ai-future-plans-rupert-murdoch

But they’re gonna be OK because of generative AI.

Looks like they’re gonna reduce costs by AI-generating journalism without having to pay those pesky humans, while simultaneously licensing their high-value content for use in building AI models.

Seems legit.