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

deal with OpenAI to license its content for the development of

AI models and allow ChatGPT to answer queries with summaries

attributable to the newspaper, the latest media tie-up for the

Microsoft ( MSFT )-backed startup.

Financial terms of the agreement, announced on Monday, were

not disclosed. It follows similar deals by OpenAI over the past

few months with global news publisher Axel Springer, France's Le

Monde and Spain-based Prisa Media.

The latest deal will help the startup enhance the

ChatGPT chatbot with archived content from the FT and the firms

will work together to develop new AI products and features for

FT readers, the newspaper and OpenAI said in a statement.

The summaries generated by ChatGPT off FT content will

also link back to the newspaper, according to the companies.

"We're keen to explore the practical outcomes regarding news

sources and AI through this partnership," said FT Group CEO John

Ridding.

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.