Business

Financial Times Partners with OpenAI on Content Licensing

Apr 29, 2024 1 min read

Jump to Summary

OpenAI has entered into a licensing agreement with the Financial Times, a move that will allow the AI firm to utilize the newspaper's content for training its artificial intelligence models. This partnership will specifically bolster the capabilities of OpenAI's generative AI chatbot, ChatGPT, by integrating attributed FT content such as summaries, quotes, and story links. The collaboration also includes the development of new AI-driven products and features for the Financial Times' readership.

While the exact financial details of the agreement remain undisclosed, this deal marks OpenAI's continued expansion into partnerships with media organizations, following a similar arrangement with the Associated Press. These deals are part of a broader industry trend where AI companies seek to ethically source high-quality data for AI training, while also navigating copyright considerations. The move comes amid increased scrutiny on AI and copyright issues, highlighted by the New York Times' legal action against OpenAI for allegedly using its content without proper licensing.

#ai #tech #world #finance #markets

Summary

Other news in business

Draghi Calls for €800bn EU Investment to Compete Globally

The European Union (EU) requires a more coordinated industrial policy, rapid decision-making, and significant investment to remain competitive with the United States and China, according to a report by former European Central Bank chief and Italian Prime Minister, Mario Draghi. The report, commissioned by the European Commission, calls for an

Lilly Promotes Lucas Montarce to EVP and CFO

Eli Lilly and Company (Lilly) has appointed Lucas Montarce as its new executive vice president and chief financial officer (CFO), effective immediately. Montarce, who joined Lilly in 2001, has held various finance leadership roles, including group vice president, corporate controller, and global CFO of Lilly Research Laboratories, Lilly International, and

Methanex Acquires OCI's Methanol Business for $2.05 Billion

OCI Global has entered into a binding equity purchase agreement to sell its Global Methanol Business to Methanex Corporation for $2.05 billion. The transaction will be settled through a combination of $1.15 billion in cash, the issuance of 9.9 million shares of Methanex valued at approximately $450

James Gandolfini Dared HBO Exec to Fire Him During 'Sopranos' Intervention

Former HBO CEO Chris Albrecht has disclosed that James Gandolfini once challenged him to "fire" him from "The Sopranos" after an intervention was staged to persuade the actor to enter rehab for his alcohol struggles. The revelation is part of the new documentary, "Wise Guy: