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OpenAI's Incorporation of News Corp. Content
OpenAI is set to commence utilizing news material from News Corp. under a prolonged agreement.
News Corp. Enters Multiyear Agreement with OpenAI
News Corp. has opted to collaborate rather than oppose the leading artificial intelligence entity. They have signed a multiyear contract with OpenAI, agreeing to share news content for training AI models and responding to user inquiries.
OpenAI's Access to News Corp.'s Publications
Under the agreement, OpenAI will gain entry to current and past content from News Corp.'s prominent news outlets, such as The Wall Street Journal, Barron's, New York Post, The Daily Telegraph, and more.
The specifics regarding the duration and worth of the agreement were not disclosed by the companies. However, The Wall Street Journal, belonging to News Corp., suggested it might exceed $250 million over five years.
OpenAI has also entered into licensing arrangements with various media entities, including The Associated Press, Axel Springer in Germany, Prisa Media in Spain, France's Le Monde, and the Financial Times based in London. These agreements primarily grant OpenAI access to news content for training purposes. However, in the case of the News Corp. deal, OpenAI is permitted to utilize news content to address user queries. This contrasts with Google's recent announcement of modifying its search engines to provide direct responses to queries, instead of redirecting users to articles published by news organizations.
The New York Times Lawsuit and OpenAI's Perspective
Towards the end of last year, The New York Times filed a lawsuit against OpenAI and Microsoft, alleging the unauthorized use of its journalists' work to train chatbots.
CEO of OpenAI, Sam Altman, expressed pride in the collaboration with News Corp., emphasizing its significance for both journalism and technology. He remarked that this partnership lays the groundwork for a future where AI respects and elevates the standards of top-tier journalism.
Jason Cuomo, senior vice president for Moody's Ratings, viewed the deal positively, stating that collaborating with the leading generative AI entity validates News Corp.'s strategy in monetizing its media brands effectively. He also highlighted the potential for increased sales and profitability in the news media sector.
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