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Financial Times, OpenAI sign content licensing partnership
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Financial Times, OpenAI sign content licensing partnership
Apr 29, 2024 2:06 AM

April 29 (Reuters) - The Financial Times had signed a

licensing agreement with OpenAI to train artificial intelligence

(AI) models on its attributed content, the newspaper said on

Monday, in the latest media tie-up for the Microsoft ( MSFT )-backed

startup.

The agreement will enhance OpenAI's generative AI chatbot

ChatGPT with attributed FT content, and the firms will

collaborate on developing new AI products and features for FT

readers.

The partnership also lets ChatGPT use select summaries,

quotes and links to FT's stories on its chatbot, the paper said

in a statement, without disclosing financial terms of the deal.

OpenAI struck a similar deal with the Associated Press last

year where the news publisher licensed a part its archive of

news stories to OpenAI.

ChatGPT, which kickstarted the GenAI boom in late 2022,

can mimic human conversation and perform tasks such as creating

summaries of long text, writing poems and even generating ideas

for a theme party.

Some outlets are already using generative AI for their

content. BuzzFeed has said it will use AI to power personality

quizzes on its site, and the New York Times used ChatGPT to

create a Valentine's Day message-generator last year.

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