Artificially intelligent celeb posts record-breaking figures
In the ever-evolving landscape of technology, two entities stand out – The New York Times and the Global AI Index.
The New York Times, renowned for its strong content and strategic partnerships, has been making waves in the digital world. In the second quarter, the company's online advertising revenue surged by 19%, reaching $90 million. This growth propelled the company's stock to a new all-time high, with a 15% jump, reaching $62.15. The company's earnings per share for the quarter were 50 cents, and digital subscription revenue grew by 15% to $350 million. The company also reported an operating income of $106.6 million.
The New York Times' management anticipates another 13-16% growth in digital subscription revenue and an increase in digital advertising yields for the current quarter. The company currently boasts nearly 11.9 million paying customers in total. One of the key drivers of this growth is the increase in pure online subscriptions, which rose by 230,000 to 11.3 million in the second quarter.
The Athletic, The New York Times' sports subsidiary, also saw significant growth, posting an operating profit for the first time ($5.8 million) and growing by 33% to $54 million in the second quarter.
Beyond the New York Times, the Global AI Index, developed by Börsenmedien AG, shines a spotlight on a diverse range of companies benefiting from the AI boom. These include NTT DATA, Ant Group, Siemens, EnBW, and Bridgewater Associates.
NTT DATA, a global digital business and technology services leader, is advancing AI through partnerships to develop sustainable and secure private AI solutions for enterprises. Ant Group, a Chinese fintech giant, leverages AI extensively in fintech and healthcare, while Siemens ranks among the world’s most innovative companies and actively incorporates AI in industrial automation and electrification.
EnBW, a major German energy company, and Bridgewater Associates, a leading global investment management firm, also benefit from AI, with EnBW applying AI for grid management, energy efficiency, and smart utilities, and Bridgewater deploying AI and advanced analytics in financial markets.
The New York Times is not only a part of this index but also holds the rights to it. This strategic move underscores the company's commitment to the AI revolution and its belief in the potential of these innovative companies.
For more information about the Global AI Index, please visit here.
[1] Global AI Index by DER AKTIONÄR [2] NTT DATA [3] Siemens [4] Bridgewater Associates
- The New York Times, with its significant growth in digital subscriptions and advertising revenue, is capitalizing on the financial success of the digital world, showcasing its commitment to thriving in the ever-evolving landscape of technology.
- Beyond The New York Times, other companies like NTT DATA, Siemens, Bridgewater Associates, and the Global AI Index, which the Times holds the rights to, areStrategically positioned to benefit financially from the revolutionary advancements in Artificial Intelligence.
