OpenAI and News Corp. have recently sealed a groundbreaking deal that will see the two entities collaborating on utilizing news content for training AI models and responding to user queries. This move marks News Corp.’s decision to work alongside OpenAI, rather than engaging in conflict with the renowned artificial intelligence company.
Under the terms of the multi-year agreement, OpenAI will gain access to a wide array of news content from News Corp.’s prominent publications, including The Wall Street Journal, Barron’s, New York Post, The Daily Telegraph, among others. While specific details regarding the duration and value of the deal remain undisclosed, sources suggest that it could potentially be valued at over US$250 million over a period of five years.
OpenAI has previously entered into licensing agreements with various media organizations, such as The Associated Press, Axel Springer, Prisa Media, Le Monde, and the Financial Times, primarily for the purpose of utilizing news content for training AI models. However, the deal with News Corp. presents a unique opportunity for OpenAI to leverage news content to directly address user queries, a departure from the conventional approach of directing users to published articles.
Sam Altman, CEO of OpenAI, expressed pride in the collaboration with News Corp., emphasizing the significance of pairing AI technology with high-quality journalism standards. Additionally, Jason Cuomo, senior vice-president for Moody’s Ratings, viewed the deal as credit positive for News Corp., highlighting the potential for enhanced monetization of the company’s media brands and opportunities for growth in the news media sector.
It is evident that the partnership between OpenAI and News Corp. signifies a pivotal moment at the intersection of journalism and technology, setting the stage for a future where AI actively contributes to and upholds the standards of world-class journalism. This innovative collaboration underscores the evolving landscape of media and technology integration, offering promising prospects for both entities in navigating the digital age.
