News Corp Signs Content Deal With OpenAI

May 30, 2024

Recently, there have been a lot of agreements between news organizations and AI companies. Now, News Corp has joined forces with OpenAI. With this partnership, standard ways of spreading news will be replaced by ones that use AI technologies. News Bellwether and OpenAI have agreed to work together for several years so that OpenAI can use both new and old news information from its many publications. OpenAI is known for making important AI models.

Details of the News Corp and OpenAI Partnership

OpenAI can now access a huge library of material from many of News Corp’s well-known publications, such as The Wall Street Journal, Barron’s, and the New York Post. Unlike previous agreements, which were mostly about training AI models, this one gives OpenAI the right to use News Corp’s material to answer user questions. Details about the money involved have not been made public yet, but estimates say the deal could be worth more than $250 million over five years.

Broader Context of Media Companies Collaborating with AI

Other big news organizations, like The Associated Press, Axel Springer, and The Financial Times, have also licensed their content to AI companies, mostly for training reasons. News Corp is not the only one doing this. As this trend shows, news organizations are becoming more interested in working with AI companies to reach more people and adapt to new technology.

Implications of the Partnership

CEO of OpenAI Sam Altman says that this relationship could lead to more partnerships between journalism and AI in the future, to keep high journalistic standards in AI applications. This deal has also been seen as credit-positive by Moody’s, which shows that it could be good for News Corp’s finances and technological progress. The changing nature of partnerships points to a big change in how news content is used and shared, which points to a digital future where AI makes the news business much stronger.

« Previous Post Next Post »