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OpenAI inks strategic tie-up with UK's Financial Times, including content use | TechCrunch

Apr 29, 2024 - techcrunch.com
OpenAI, the creator of the AI chatbot ChatGPT, has secured a new licensing deal with London's Financial Times, adding to its growing list of publishers it pays for content access. The deal, referred to as a "strategic partnership and licensing agreement", allows OpenAI to use the Financial Times' content for training AI models and displaying in AI responses. The partnership also aims to develop new AI products and features for Financial Times readers, with the publisher expressing interest in expanding its use of AI technology.

The agreement comes amid legal concerns over copyright, with OpenAI facing a lawsuit from the New York Times for allegedly using its copyrighted content without a license. OpenAI's licensing deals with publishers could help mitigate the risk of further lawsuits. The deal also benefits publishers by providing them with revenue from content licensing and potentially attracting readers who use ChatGPT. However, the use of generative AI could also divert traffic away from news publishers' sites, leading some to seek closer relationships with AI companies like OpenAI.

Key takeaways:

  • OpenAI has secured a new licensing deal with London's Financial Times, adding to its growing list of publishers it's paying for content access. The deal is referred to as a “strategic partnership and licensing agreement”.
  • The deal allows OpenAI to use the FT’s content for training AI models and for displaying in generative AI responses produced by tools like ChatGPT.
  • Financial Times became a customer of OpenAI’s ChatGPT Enterprise product earlier this year and is looking to explore ways to deepen its use of AI.
  • OpenAI is facing a lawsuit from the New York Times over allegations that its copyrighted content was used by the AI giant to train models without a license. OpenAI is looking to mitigate such risks by paying publishers for using their copyrighted content.
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