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Owner of OpenAI and News Corp The Wall Street Journal, Market Watch, Sunand more than a dozen other publishing brands have signed multi-year agreements to display news from these publications on ChatGPT, News Corp. announced on wednesday. OpenAI will be able to access both current and archived content from News Corp publications and use that data to further train AI models. The terms of the agreement have not been disclosed by either company, but The Wall Street Journal Estimation News Corp will get $250 million in cash and credit over five years.
“This agreement recognises that there is a premium for premium journalism,” News Corp chief executive Robert Thomson said. Reportedly It said in a memo to employees on Wednesday. “The digital age has been characterized by the dominance of distributors, often at the expense of creators, and many media companies have been swept away by the inexorable tides of technology. The responsibility is to make the most of this providential opportunity. is now upon us.”
Generative AI has exploded in popularity since OpenAI released ChatGPT at the end of 2022. But the quality of the responses an AI-powered chatbot delivers depends on the quality of the data used to train the model that powers it. Until now, AI companies have trained their models by scraping publicly available data from the internet, often without the consent of the creators. But more recently, they have made financial deals with the news industry to ensure that AI models are trained with the most up-to-date and reliable information. In the past few months alone, OpenAI announced a partnership with Reddit. financial times, Dotdash Meredith, Associated PressGerman publisher Axel Springer POLITICO and Business Insider United States and Build and Die Welt Germany, Spain prisa mediaLast month, News Corp reportedly signed a $5 million to $6 million contract with Google to train AI models. According to the report in information.
Google and OpenAI aren’t the only companies that have struck such deals to train AI models. Hours before News Corp’s announcement, business insider report Meta, which recently launched its own AI chatbots on Facebook, Messenger, WhatsApp and Instagram, and also sells AI-powered sunglasses, is considering entering into its own deals with news publishers to access training data. It is said that there is
Funding from AI companies is an increasingly big source of revenue for the struggling news industry. But some publishers remain wary of entering into such deals. The New York Times sued OpenAI and Microsoft for using content to train AI systems.and new york times, BBC and The Verge We’ve blocked OpenAI from scraping your website.