Sam Altman’s OpenAI signs content deal with News Corp

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Sam Altman-led OpenAI has signed a deal that will give it access to content from some of the biggest news publications owned by media conglomerate News Corp., the companies said Wednesday.

The deal comes just weeks after the Microsoft-backed AI giant agreed to license content from the Financial Times for the development of AI models.

Access to a repository of data could help enhance the content produced by OpenAI’s ChatGPT, a chatbot that can generate human-like responses to prompts and create summaries of long text.

Such partnerships are also crucial for training AI models and could be lucrative for news publishers, who have traditionally been denied a share of the profits earned by internet giants for distributing their content.

OpenAI, which started the AI ​​craze by launching its chatbot in 2022, also inked a content deal with social media platform Reddit last week.

OpenAI did not disclose financial details of its latest deal, but News Corp-owned Wall Street Journal reported it could be worth more than $250 million (roughly Rs. 2,080 crores) over five years.

The agreement also included a guarantee that the content would not be available on ChatGPT immediately after it was published on the news website, the WSJ report said.

The agreement will give OpenAI access to current and archived content from a number of News Corp publications, including The Wall Street Journal, MarketWatch, The Times and others.

News Corp shares rose nearly 4 percent after the bell.

© Thomson Reuters 2024


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