The Financial Times and OpenAI strike content licensing deal

Create a bright, optimistic image with a 3:2 aspect ratio. Show a stylized representation of a bustling newspaper company, filled with desks strewn with papers, computers, and other office items. In the middle of the room, place an attractive, futuristic AI machine symbolizing OpenAI, with small visuals of data streams flowing into it from all directions. These streams carry bits of text, images and code. Show a diverse group of journalists, including an Asian woman, a Middle-Eastern man, and a Hispanic woman watching the process intrigued. Overhead, place a digital billboard showing summaries of magazine articles, indicating the summaries generated by ChatGPT. The overall image should convey a seamless blending of traditional news publishing and advanced AI technology.

The Financial Times has entered into a content licensing deal with OpenAI, allowing the AI company to utilize the publisher’s archived content to train AI models. This collaboration aims to enhance generative AI technology, enabling the creation of text, images, and code that closely resemble human creations. The agreement also permits ChatGPT to provide brief summaries from FT articles to its 100 million users, with links back to FT.com. This partnership emphasizes the importance of transparency, attribution, and compensation for the use of publishers’ material by AI platforms. OpenAI has previously struck similar deals with other global news publishers, including the Associated Press, Axel Springer, Le Monde, and Prisa Media. Financial terms for these agreements were not disclosed. The New York Times has sued OpenAI and Microsoft, alleging the unauthorized use of millions of articles to build ChatGPT’s underlying models. News publishers, including News Corp and Thomson Reuters, have engaged in discussions and agreements with AI companies, highlighting the significance of providing up-to-date material for AI consumer products. Despite this, Google, which developed the chatbot Gemini using web content, has not yet reached deals with news publishers.

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