This agreement is the ChatGPT creator’s most recent with a media business.
An agreement between OpenAI and the Financial Times has been reached, making it the most recent news organization to do so. In a joint release made on Monday, the Financial Times and OpenAI stated that the creator of ChatGPT will utilize the journalism of the Financial Times in order to train its artificial intelligence models and will also work on the development of new AI products and features for the readers of the publication. In addition, ChatGPT will provide credit to the Financial Times and link back to the publication whenever it incorporates content from the publication into its questions and answers.
The Chief Executive Officer of the Financial Times, John Ridding, issued a statement in which he stated that “it is right, of course, that AI platforms pay publishers for the use of their material.” Ridding also emphasized that the Times is “committed to human journalism.” Regarding the financial terms of the arrangement, neither of the companies mentioned them. According to a story that was published by The Information earlier this year, OpenAI provides publishers with a license to use their content for the purpose of training its artificial intelligence models that ranges from one million to five million dollars annually.
The models that power generative artificial intelligence are only as good as the training data that is utilized to train such models. To this point, artificial intelligence businesses have scraped all they can from the public internet, frequently without the permission of the authors. Furthermore, these companies are always looking for new data sources in order to ensure that the outputs provided by these models are up to date. This may be accomplished in a number of ways, one of which is by training AI models on news; however, some publishers are hesitant to give their content out absolutely free to AI businesses. For example, OpenAI is used by the BBC and the New York Times to scrape their respective websites.
As a consequence of this, OpenAI has been negotiating financial agreements with prominent publishers in order to maintain its models’ training. In the previous year, the company formed a partnership with the German publisher Axel Springer in order to educate its models on the most recent news from Business Insider and Politico in the United States, as well as Bild and Die Welt in Germany. The Associated Press, Le Monde of France, and Prisa Media of Spain are all among the companies with which the company has agreements.
Purchasing a subscription to the Financial Times will set you back at least $39 a month. However, as various individuals have pointed out, the company’s collaboration with OpenAI effectively results in the removal of its own barrier for general users by means of generative artificial intelligence.