Financial Times Strikes Deal with OpenAI to Enhance AI Using Credible Journalism

  • Editor
  • May 7, 2024
    Updated
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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:


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:

It is right that AI companies compensate publishers for the content they utilize.

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:


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:

  As these products evolve, integrating trusted news sources is essential to ensure they reflect high journalistic standards.

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:

We are committed to responsible experimentation with AI tools, but our stories will continue to be written by people,” she stated in an open letter last year.

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.

To find out more for the latest and most exciting AI News, visit www.allaboutai.com.

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Dave Andre

Editor

Digital marketing enthusiast by day, nature wanderer by dusk. Dave Andre blends two decades of AI and SaaS expertise into impactful strategies for SMEs. His weekends? Lost in books on tech trends and rejuvenating on scenic trails.

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