OpenAI and Financial Times ink content licensing deal
What's the story
The Financial Times (FT) has entered into a licensing agreement with artificial intelligence firm, OpenAI.
This partnership allows OpenAI to use FT's content in the development of AI tools, marking another instance of collaboration between a news organization and the AI company.
As part of this deal, users of ChatGPT, OpenAI's chatbot, will have access to summaries, quotes, and links to FT articles.
Partnership details
Financial Times to aid OpenAI in new AI product development
In return for licensing its content, the Financial Times will work closely with OpenAI on the creation of new AI products.
The news organization is already a user of ChatGPT Enterprise, another product from OpenAI.
Recently, FT introduced a generative AI search function in beta mode powered by Anthropic's Claude large language model, known as Ask FT.
CEO statement
Financial Times' CEO affirms commitment to human journalism
John Ridding, CEO of Financial Times, emphasized the company's commitment to "human journalism" despite the technological partnership.
He stated that "it's right, of course, that AI platforms pay publishers for the use of their material," adding that "it's clearly in the interests of users that these products contain reliable sources."
This statement underscores FT's dedication to maintaining journalistic integrity while embracing AI technology.
Past deals
OpenAI's previous licensing agreements and controversies
OpenAI has previously signed similar licensing agreements with other news organizations such as Axel Springer and the Associated Press.
These agreements allow OpenAI to use data from these publications' articles to train its AI models.
However, not all interactions between news organizations and OpenAI have been positive, with the New York Times and others filing lawsuits against OpenAI alleging copyright infringement by ChatGPT.