OpenAI and Financial Times Ink Content Licensing Agreement

London: The creators of artificial intelligence (AI) chatbot ChatGPT OpenAI on Monday signed a partnership agreement with the Financial Times (FT) to license its content and develop artificial intelligence tools.

Under the partnership, the global news publisher will license its materials to OpenAI, run by Sam Altman, to help create generative AI technology that can create text, images and code indistinguishable from human creations.

Chief Operating Officer Brad Lightcap said: “Our partnership and ongoing dialogue with the Financial Times is about finding creative and efficient ways for artificial intelligence to empower news organizations and journalists and deliver real-time information to millions of people around the world. , world-class news services, enriching the ChatGPT experience.

Additionally, the Financial Times noted that it became a customer of ChatGPT Enterprise earlier this year.

“This is an important agreement in many ways. It recognizes the value of our award-winning journalism and will give us an early look at how content can be presented through artificial intelligence,” said FT Group Chief Executive said executive officer John Ridding.

OpenAI has signed multiple agreements with news organizations to license their content for use in training artificial intelligence models.

Axel Springer, publisher of Business Insider, Politico and European publications Bild and Welt, has signed a similar agreement with OpenAI to extract data from its articles.

In December last year, the New York Times sued OpenAI and Microsoft, accusing the technology companies of using millions of articles to build the underlying model of ChatGPT without proper permission.

The company said in the lawsuit that it has been in licensing discussions with Microsoft and OpenAI for months but has not yet reached a resolution.

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