OpenAI has signed a deal that will give the company access to content from several big News publications under the News Corp media conglomerate, the companies announced on Wednesday (22 May).
The partnership follows the ChatGPT-maker’s previous deal with the Financial Times to use its content and archive for the training of its AI models.
Go deeper with GlobalData
The Wall Street Journal, which is owned by News Corp, reported that the deal could be worth over $250m over the next five years – but OpenAI has not disclosed this.
The deal states that the content will not be made readily available on ChatGPT immediately after publishing, in order to allow exclusivity to publishers for a certain amount of time, according to the WSJ.
OpenAI will gain access to the Wall Street Journal, the New York Post, the Times, the Sunday Times and others.
Having access to large datasets such as an archive of news articles can greatly enhance the performance of AI models, enabling it to produce more human-like responses and effectively summarize long pieces of text.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe partnerships also mark significant financial opportunities for news publishers, which have traditionally missed out on the revenue internet giants generate from sharing their content.
However, not all publications are cooperating with AI giants. The New York Times sued OpenAI and Microsoft over alleged use of its content in December. The US news publication claims that the two businesses should be held responsible for “billions of dollars” in damages, according to the lawsuit.
GlobalData forecasts that the overall AI market will be worth $909bn by 2030, having grown at a compound annual growth rate of 35% between 2022 and 2030. In the GenAI space, revenues are expected to grow from $1.8bn in 2022 to $33bn in 2027 at a CAGR of 80%.
GenAI is expected to become ubiquitous across every industry and become a catalyst for broader AI capabilities such as machine learning, computer vision, and autonomous robots.
