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News Corp, OpenAI Seal Multi-Million Dollar Deal to Enhance ‘Journalistic Expertise’

by Joan Aimuengheuwa
May 23, 2024
in News
0
News Corp, OpenAI Seal Multi-Million Dollar Deal to Enhance ‘Journalistic Expertise’
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News Corp, the media giant behind publications like The Wall Street Journal and New York Post, has signed a deal with OpenAI, the artificial intelligence research company. 

This multi-year agreement grants OpenAI access to a large library of content from News Corp publications, with potential financial benefits exceeding $250 million over five years.

The deal makes it possible for OpenAI to utilize current and archived articles from News Corp’s portfolio for two key purposes: training its AI models and directly answering user queries. 

This collaboration aligns with OpenAI’s recent strategy of securing content licenses from well-known media outlets. Agreements with The Financial Times, Dotdash Meredith, and social media platform Reddit highlight this trend.

Financial compensation for News Corp isn’t solely limited to cash. The deal reportedly includes “credits for use of OpenAI technology,” indicating potential access to cutting-edge AI tools for News Corp. 

Again, the partnership facilitates knowledge exchange, with News Corp offering “journalistic expertise” to OpenAI to ensure “the highest journalism standards” are upheld within its products.

This agreement comes amidst the need for media companies to scale their relationship with AI. While some are embracing content licensing partnerships with OpenAI, others are taking a more adversarial approach. 

The New York Times, New York Daily News, and other publications have filed lawsuits against OpenAI and Microsoft, alleging copyright infringement related to the training of AI models on their content.

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  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

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Tags: mediaNews CorpOpenAIWall Street Journal
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

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