OpenAI, the creator of ChatGPT, has entered into a deal worth over $250 million with media giant News Corp.
This agreement will grant OpenAI access to content from top news outlets such as the Wall Street Journal, The Sun, New York Post, The Times, The Daily Telegraph, and other publications owned by News Corp.
According to a statement released by both parties, News Corp will provide OpenAI with access to its news content, allowing the chatbot to provide answers based on credible sources.
The deal includes access to current and archived content from News Corp’s major publications like Barron’s, MarketWatch, Investor’s Business Daily, FN, The Sunday Times, The Australian, and news.com.au, among others.
Additionally, News Corp will offer its journalistic expertise to uphold high standards of journalism within OpenAI’s services.
“The deal could be worth more than $250 million over five years, including compensation in the form of cash and credits for use of OpenAI technology, according to people familiar with the situation,” the platform reported.
Commenting on the deal, the Chief Executive of News Corp., Robert Thomson, said the historic agreement will set new standards for veracity, for virtue and value in the digital age.
“We are delighted to have found principled partners in Sam Altman and his trusty, talented team who understand the commercial and social significance of journalists and journalism. This landmark accord is not an end, but the beginning of a beautiful friendship in which we are jointly committed to creating and delivering insight and integrity instantaneously.”
CEO of OpenAI, Sams Altman said the partnership with News Corp is a proud moment for journalism and technology.
“We greatly value News Corp’s history as a leader in reporting breaking news around the world, and are excited to enhance our users’ access to its high quality reporting. Together, we are setting the foundation for a future where AI deeply respects, enhances, and upholds the standards of world-class journalism,” he said.
