OpenAI Seals Groundbreaking Content Licensing Deal with News Corp
OpenAI, the developer behind ChatGPT, has inked a monumental content licensing deal with News Corp, the media giant known for its iconic publications like the Wall Street Journal, New York Post, The Times, and The Sunday Times. This landmark agreement grants OpenAI access to an extensive library of both current and archived content from News Corp’s portfolio, significantly boosting its AI capabilities.
A $250 Million Game-Changer
Valued at over $250 million over a five-year period, the deal includes both monetary compensation and credits for utilizing OpenAI technology. This partnership adds to OpenAI’s growing list of collaborations, coming hot on the heels of agreements with the Financial Times and Axel Springer, the parent company of Business Insider and Politico.
From Courtships to Courtrooms
Not all media giants are following this collaborative path. While News Corp is going all-in on AI, the New York Times and Microsoft, a key backer of OpenAI, have opted for legal confrontations. They have taken OpenAI to court over the use of their content to train generative AI and large-language model systems.
Lachlan Murdoch’s AI Vision
Under the chairmanship of Lachlan Murdoch, News Corp is embracing the transformative potential of AI technology in news publishing. Robert Thomson, CEO of News Corp, emphasized the enduring importance of journalists and journalism in this digital age, suggesting that ethical partnerships with AI developers could be a way forward. “Courtship over courtrooms,” as Thomson eloquently put it.
Implications for the News Industry
The agreement raises critical questions about the use of news content in AI chatbots and the potential diversion of website traffic and ad revenue. As AI continues to revolutionize how news is produced, disseminated, and consumed, this deal could signal a turning point in the industry.
With competitors like Google vying for dominance in the AI chatbot arena, this move by OpenAI could very well set the stage for a new era in digital journalism.