Financial Times and OpenAI enter into license agreement
- April 29, 2024
- 0
OpenAI gains a lot of knowledge thanks to Financial Times. ChatGPT is given access to FT articles to support its responses. The British business newspaper Financial Times has
OpenAI gains a lot of knowledge thanks to Financial Times. ChatGPT is given access to FT articles to support its responses.
The British business newspaper Financial Times has reached an agreement with OpenAI under which AI models can be trained based on archived articles, according to a press release from the FT. In addition to financial compensation, ChatGPT replies will also link to the original article on FT. This licensing agreement comes after OpenAI was sued by the New York Times last year.
Pay for content
ChatGPT signs a licensing agreement with the Financial Times, allowing the AI chatbot to use the FT’s archive to train its language models. Not only is the UK media partner paid by OpenAI for this access, but the original article is also referenced whenever a ChatGPT response is based on FT article summaries. In this way, ChatGPT generates additional traffic to the British news platform.
The licensing agreement is a logical next step for OpenAI after the company was sued by the New York Times last year. The latter had been in talks with OpenAI for some time to set a price for the accessibility of its texts, but these discussions did not lead to any result.
Source: IT Daily
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