(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-backed startup.
The agreement, announced on Monday, didn’t reveal financial terms. OpenAI has struck similar deals recently with the Associated Press, Axel Springer, Le Monde, and Prisa Media.
The partnership aims to bolster ChatGPT’s capabilities with FT’s archived content. Collaboratively, they seek to introduce novel AI products and features for FT readers. Both OpenAI and the newspaper expressed their intentions in a joint 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, launched in late 2022, sparked the GenAI trend, simulating human conversation and undertaking various tasks. These include text summarization, poetry writing, and brainstorming for event themes.
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.
This innovative tie-up marks a significant milestone in the realm of artificial intelligence and media partnerships. OpenAI aims to utilize the diverse and high-quality content from FT to enhance the capabilities of its AI models, thereby advancing the field of natural language processing.
Furthermore, by utilizing real-world content from FT, OpenAI can ensure that its AI models are well-equipped to understand and analyze complex information in various domains.
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