Newsmax Inc. (NYSE:NMAX) shares began Tuesday unchanged.
The company announced it has entered into an AI content partnership with Meta Platforms.
Under the agreement, Meta will have access to Newsmax's digital news content. Meta will be able to draw upon Newsmax's significant current reporting as well as archived content across its platforms to support AI queries across Meta's apps and devices.
"Newsmax applauds the significant resources Meta is putting into AI to keep America at the forefront of this emerging technology," commented CEO Chris Ruddy. "We are pleased to work with Meta to help ensure users have access to timely, high-quality journalism through AI technologies."
Newsmax views this agreement as an important step in its broader strategy to work with leading technology companies, expand the reach of its journalism and make the Company's distinctive perspective available through emerging AI technologies.
The fourth highest-rated network is carried on all major pay TV providers. Newsmax's media properties reach more than 50 million Americans regularly through Newsmax TV, the Newsmax App, its popular website Newsmax.com, and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches over 26 million combined followers.
NMAX squeezed ahead one cent to $7.75.
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