The CEO of Penguin Random House anticipates that AI will boost book sales
According to The New York Times this week, Nihar Malaviya, the CEO of Penguin Random House, expressed hope that artificial intelligence (AI) could make it simpler to sell more book titles without employing more people in the future.
The chief of Penguin Random House, one of the “Big Five” international publishing conglomerates that employs thousands of people and controls the English-language mainstream publishing market, was profiled in the report.
The article mentioned that Malaviya was concentrating on expansion, noting that the business used voluntary buyouts and laid off about 60 employees the previous year.
In 2020, Penguin Random House attempted to purchase Simon & Schuster, another Big Five publisher, but the deal was cancelled around two years later due to antitrust concerns.
Artificial intelligence is being considered by Indian publishers as a means of facilitating book creation. Ananth Padmanabhan, CEO of Harper Collins India, pointed out last year that AI narrators may expedite the publishing of translated works.
Large language models and the AI tools they enable are being investigated by publishers globally, but some readers are concerned that they will be used to automate book acquisitions in an industry already notorious for its lack of diversity or to replace authors.
More Stories
10 year old becomes Amazon bestseller with Reptile Genre
A 10-year-old from Hull has become an Amazon best-seller after releasing his very first children’s book. Zach Richardson’s title, Zach’s...
Kiran Desai Returns to Booker Prize Longlist with her New Novel
LONDON — Novelist Kiran Desai is back in the running for the Booker Prize with her forthcoming work The Loneliness...
Manu Bhaker wons Another Medal to Her Glorious Career with Bronze at Asian Shooting Championship
Ace Indian shooter Manu Bhaker once again proved her on the international stage by clinching a bronze medal in the...
Book Review: Mindful Momentum — Navigating Procrastination And Overthinking
Title: Mindful Momentum — Navigating Procrastination And OverthinkingAuthor: Sushant RajputPages: 182Publisher: Bluerose Publishers Buy now In a world where our minds...
Exclusive Interview with Sushant Rajput
TLT: Your first book focused on preparing young professionals for their careers, while this title, “Mindful Momentum” explores procrastination and...
Tamil translated Stories on Global Stage
This anthology of 22 short stories, translated from Tamil, invites readers to reflect deeply on questions of identity, belonging, and...