In a significant development for the media and technology industries, the Financial Times (FT) has entered into a partnership with OpenAI, the creator of ChatGPT, to provide its content for training AI systems.
This collaboration marks a crucial step in ensuring that Artificial Intelligence technologies benefit from high-quality, reliable journalism.
As part of the agreement, the FT will receive a compensation amount, which has not been disclosed, acknowledging the value of its journalistic content in the development of sophisticated AI models.
Critics believe that this partnership will lead to smarter way of delivery news:
Imagine AI with a business degree 🎓 OpenAI partners with the Financial Times to enhance ChatGPTs financial fluency. Get ready for smarter insights and sharper quotes. #AI #OpenAI #FinTechhttps://t.co/DargBkVyaR
— relataly.com AI News (@relataly) April 29, 2024
ChatGPT users will benefit from this deal by receiving summaries, quotes, and direct links to FT articles in their AI-generated responses, where relevant.
John Ridding, CEO of the FT Group, emphasized the fairness of this arrangement. He stated that:
This statement comes amidst ongoing disputes in the industry, highlighted by The New York Times’ lawsuit against OpenAI and Microsoft for similar copyright issues.
OpenAI has established comparable partnerships with other notable news organizations, including the Associated Press, Le Monde, Prisa Media, and Axel Springer.
Many critic users predict that ChatGPT’s next move could be the Insider:
If AI starts quoting market trends, does that make it the ultimate insider? 🤔📊
Jokes apart, nice move by OpenAI
— Rohan Paul (@rohanpaul_ai) April 29, 2024
These agreements underline OpenAI’s commitment to incorporating authoritative news sources into their AI models, enhancing the reliability and richness of the information they generate.
Brad Lightcap, COO at OpenAI, expressed the importance of representing quality journalism in AI development. He said:
The deal comes at a time when the use of AI in media is under intense scrutiny. Authors like Jodi Picoult and John Grisham have raised concerns over copyright infringement by AI companies, a challenge that is also faced by other creative industries.
In response to these technological advancements, Roula Khalaf, the editor of the FT, assured that the publication would maintain human oversight over its journalistic output:
This partnership between the Financial Times and OpenAI could set a new standard for how AI developers and news organizations collaborate, ensuring that the rise of AI helps to uphold, rather than undermine, the integrity of journalism.
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