News Corp. and OpenAI Ink Multi-year Content Deal

News Corp and OpenAI have entered into a multi-year agreement to bring News Corp news content to OpenAI platforms. Through the agreement, the artificial intelligence player will have access to premium content from the global media group. Through this partnership, OpenAI is authorized to use both current and past News Corp publications’ content to enhance its user experience and answer queries from users. The agreement was reached weeks after the Microsoft-backed AI behemoth secured a license from Financial Times to develop AI models.

OpenAI signs content deal with News Corp

News Corp. CEO Robert Thomson has been leading the push for publishers to get paid by AI companies for using their content to train their platforms. Although the deal’s commercial terms haven’t been disclosed, market analysis has been accounting for it in News Corp valuations. The content created by OpenAI’s ChatGPT, a chatbot that can produce responses to prompts that resemble those of a human and summarize lengthy texts, can be improved with access to vast amounts of data.

These collaborations can be very profitable for news publishers, who have historically been excluded from a portion of the profits made by internet giants from distributing their content and are also essential for the training of AI models.

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Although News Corp-owned Wall Street Journal reported the deal could be worth over $250 million over five years, including cash and credits for using OpenAI technology, OpenAI did not reveal the financial details of its most recent agreement. A guarantee that the content won’t be instantly accessible on ChatGPT following its publication on one of the news websites is another aspect of the partnership.

OpenAI will have access to News Corp’s publications

According to OpenAI, the ultimate goal was to give people the capacity to make decisions based on trustworthy information and news sources. News Corp’s publications, which include The Wall Street Journal, Barron’s, MarketWatch, Investor’s Business Daily, FN, and New York Post; The Times, The Sunday Times, and The Sun; The Australian, news.com.au, The Daily Telegraph, The Courier Mail, The Advertiser, and Herald Sun; among others, will provide OpenAI with access to both current and archived content. Access to content from any of News Corp’s other businesses is not included in the partnership.

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