OpenAI tie-up with UK’s Financial Times, including content used

OpenAI has announced a new deal with the Financial Times, a UK-based news publisher. With this content licensing deal, Financial Times has become the first UK publisher to crack a deal with ChatGPT. The publishers are describing this deal as a “strategic partnership and licensing agreement”.

Today on 26 April Financial Times has announced a Press Release to make this announcement. FT Group CEO John Ridding said,” This is an important agreement in a number of respects.” It recognizes the value of our award-winning journalism and will give us early insights into how content is surfaced through AI. We have long been a leader in news media innovation, pioneering the subscription model and engagement technologies, and this partnership will help keep us at the forefront of developments in how people access and use information”, he continued.

However, this move from OpenAI in partnership with a news house is not surprising. Back in the time, the AI company had also partnered with other news houses so that they could use their content to train the AI model.

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“We have long been a leader in news media innovation, pioneering the subscription model and engagement technologies, and this partnership will help to keep us at the forefront of developments in how people access and use information.”

“Apart from the benefits to the FT, there are broader implications for the industry. It’s right, of course, that AI platforms pay publishers for the use of their material.” The Press Release continues with this.

Many sources are linking this news with the New York Times. Last December they filed a case against OpenAI for using their content to train the AI model without their consent. So this can be a way to minimize the risk of further lawsuits. With this step, ChatGPT makers are trying to follow a convenient way to train their model.

Talking more about the Financial Times and the usage of AI in their house is also an interesting story. Last year, the editor of the Financial Times announced that there are stories being written by human journalists only but along with that they had a team to experiment with the usage of AI in journalism. Their team will responsibly experiment with the AI tools for different works including data mining, analyzing text and images, and many others.

Experimenting with the new AI tools with a touch of human intelligence can add fun and more facts to journalism.