02:12 PM EDT, 04/30/2024 (MT Newswires) -- (Updates with News Corp.'s ( NWSA ) response in second and third paragraph.)

Alphabet's (GOOG, GOOGL) Google ( GOOG ) has agreed to pay $5 million to $6 million annually to News Corp. ( NWSA ) , owner of the Wall Street Journal, for the development of new artificial intelligence-related content and products, the Information reported Tuesday, citing a News Corp ( NWSA ) employee and another person close to the deal.

A News Corp. ( NWSA ) spokesperson told MT Newswires that the company does not have an AI content licensing deal with Google ( GOOG ).

"We absolutely do not have an AI content licensing deal with Google ( GOOG ), though we do have a number of partnerships with Google ( GOOG ) across our businesses," the spokesperson said.

Google ( GOOG ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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