OpenAI is bankrolling Axios' expansion into four new markets | TechCrunch
Jan 15, 2025 - techcrunch.com
OpenAI is entering the local news sector through a partnership with Axios, a newsletter-based media organization. Announced on Wednesday, the three-year deal involves OpenAI funding Axios' expansion into four new cities: Pittsburgh, Kansas City, Missouri, Boulder, Colorado, and Huntsville, Alabama. This marks the first instance of OpenAI financing a media company's newsroom, although it has previously engaged in content-sharing and licensing agreements with various publications, including Vox Media, The Atlantic, and the Financial Times.
OpenAI's collaboration with Axios is part of its broader strategy to assist publishers in integrating AI tools to enhance their missions and business operations. While the specific terms of these partnerships remain undisclosed, OpenAI emphasizes its commitment to supporting media organizations in leveraging AI technology. TechCrunch has reached out to OpenAI for further details on this initiative.
Key takeaways:
OpenAI is partnering with Axios to fund the expansion of local newsletters into four new cities.
This partnership marks the first time OpenAI is funding the newsroom of a media company it partnered with.
OpenAI has existing content-sharing and licensing deals with several publications, including Vox Media, The Atlantic, and the Financial Times.
OpenAI aims to help publishers integrate its tools to benefit their missions and businesses.
