financetom
Business
financetom
/
Business
/
Google to pay up to $6 million to News Corp for new AI content, The Information reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Google to pay up to $6 million to News Corp for new AI content, The Information reports
Apr 30, 2024 8:10 AM

(Reuters) -Alphabet-owned Google has agreed to pay News Corp, owner of the Wall Street Journal, between $5 million and $6 million annually to develop new AI-related content and products, the Information reported on Tuesday.

The new arrangement is part of a longstanding partnership between Google and News Corp, the report said, citing a News Corp employee and another person close to the deal.

"We absolutely do not have an AI content licensing deal with Google, though we do have a number of partnerships with Google across our businesses," a News Corp spokesperson told Reuters.

Google did not immediately respond to Reuters' request for a comment.

AI firms are looking to partner with news organizations to license their archived content for training their chatbots.

Similar deals include that between OpenAI and news publishers such as Financial Times and Axel Springer, whose brands include Politico.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BMO on Canada's Retail Sales in Relation With Population Growth
BMO on Canada's Retail Sales in Relation With Population Growth
Aug 29, 2024
06:56 AM EDT, 08/27/2024 (MT Newswires) -- Canadian retail sales fell 0.3% m/m in June, weighed by lower auto sales and lower gasoline prices, said Bank of Montreal (BMO) following Friday's data. In contrast, spending excluding autos was up a decent 0.3% m/m in the month. Plus, the flash estimate called for sales to bounce back 0.6% m/m in July...
BHP Group's Fiscal 2024 Underlying Earnings, Revenue Rise
BHP Group's Fiscal 2024 Underlying Earnings, Revenue Rise
Aug 29, 2024
06:57 AM EDT, 08/27/2024 (MT Newswires) -- BHP Group ( BHP ) reported fiscal 2024 underlying basic earnings Tuesday of $2.70 per share, up from $2.65 a year earlier. Analysts polled by Capital IQ expected $2.70. Revenue for the year ended June 30 was $55.66 billion compared with $53.82 billion a year earlier. Analysts surveyed by Capital IQ expected $55.84...
Pfizer launches new website for migraine, respiratory offerings
Pfizer launches new website for migraine, respiratory offerings
Aug 29, 2024
Aug 27 (Reuters) - Pfizer Inc ( PFE ) is launching a new website to promote and improve access to its health care offerings for migraine and respiratory illnesses. The drugmaker said on Tuesday that it launched the site called PfizerForAll to help patients get access to treatments like its COVID-19 drug Paxlovid and its migraine pill Nurtec by offering...
American Woodmark's Fiscal Q1 Adjusted Earnings, Net Sales Fall
American Woodmark's Fiscal Q1 Adjusted Earnings, Net Sales Fall
Aug 29, 2024
06:57 AM EDT, 08/27/2024 (MT Newswires) -- American Woodmark ( AMWD ) reported fiscal Q1 adjusted earnings Tuesday of $1.89 per diluted share, down from $2.78 a year earlier. Four analysts surveyed by Capital IQ expected $2.37. Net sales for the quarter ended July 31 was $459.1 million, down from $498.3 million a year earlier. Four analysts surveyed by Capital...
Copyright 2023-2026 - www.financetom.com All Rights Reserved