OpenAI signs deal with Financial Times to use its content to train AI models

The Financial Times has signed a deal with OpenAI to license its content for the development of AI models and allow ChatGPT to answer questions with summaries of the newspaper, the latest for the Microsoft-backed startup. There is a media tie-up.

Financial terms of the agreement announced Monday were not disclosed. It follows similar deals by OpenAI in the past few months with the Associated Press, global news publisher Axel Springer, France’s Le Monde and Spain-based Prisa Media.

The newspaper and OpenAI said in a statement that the latest deal will help the startup enhance the ChatGPT chatbot with archived content from the FT and the companies will work together to develop new AI products and features for FT readers.

According to the companies, summaries generated by ChatGPT from FT content will also be linked to the newspaper.

John Ridding, CEO of FT Group, said, “We are keen to explore practical outcomes in relation to news sources and AI through this partnership.”

ChatGPT, which kicked off the GenAI boom in late 2022, can mimic human conversations and perform tasks like summarizing long text, writing poems, and even generating ideas for a theme party.

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.

© Thomson Reuters 2024