OpenAI partners with Wall Street Journal publisher News Corp.

by | May 22, 2024 | Technology

Join us in returning to NYC on June 5th to collaborate with executive leaders in exploring comprehensive methods for auditing AI models regarding bias, performance, and ethical compliance across diverse organizations. Find out how you can attend here.

In a significant move set to impact AI and mainstream media, OpenAI today announced its newest partnership with an outside media agency — News Corp., the famed company founded by billionaire media mogul Rupert Murdoch and which controls such outlets as The Wall Street Journal and major book publisher HarperCollins.

Yet HarperCollins will not be included in this deal. OpenAI specifically states in its blog post announcing the deal that it pertains to “current and archived content from News Corp’s major news and information publications…The partnership does not include access to content from any of News Corp’s other businesses.”

Worth a reported $250M over 5 years

The valuation of the deal wasn’t disclosed — presumably OpenAI is paying News Corp., as it has done with other publishers to the tune of reported $10 million+ a year. The Wall Street Journal itself reported today on the agreement stating the valuation “could be” close to $250 million over five years, or $50 million a year.

But one thing is clear: OpenAI will get access to news content from News Corp’s extensive portfolio, including years of archival articles and video footage, which it can use to better train its AI models such as GPT-4o and Sora, as well as surface content from The Wall Street Journal and other outlets as responses in ChatGPT.

VB Event
The AI Impact Tour: The AI Audit

Join us as we return to NYC on June 5th to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.

Request an invite

Other News Corp.-owned news titles include Barron’s, MarketWatch, Investor’s B …

Article Attribution | Read More at Article Source

[mwai_chat context=”Let’s have a discussion about this article:nn
Join us in returning to NYC on June 5th to collaborate with executive leaders in exploring comprehensive methods for auditing AI models regarding bias, performance, and ethical compliance across diverse organizations. Find out how you can attend here.

In a significant move set to impact AI and mainstream media, OpenAI today announced its newest partnership with an outside media agency — News Corp., the famed company founded by billionaire media mogul Rupert Murdoch and which controls such outlets as The Wall Street Journal and major book publisher HarperCollins.

Yet HarperCollins will not be included in this deal. OpenAI specifically states in its blog post announcing the deal that it pertains to “current and archived content from News Corp’s major news and information publications…The partnership does not include access to content from any of News Corp’s other businesses.”

Worth a reported $250M over 5 years

The valuation of the deal wasn’t disclosed — presumably OpenAI is paying News Corp., as it has done with other publishers to the tune of reported $10 million+ a year. The Wall Street Journal itself reported today on the agreement stating the valuation “could be” close to $250 million over five years, or $50 million a year.

But one thing is clear: OpenAI will get access to news content from News Corp’s extensive portfolio, including years of archival articles and video footage, which it can use to better train its AI models such as GPT-4o and Sora, as well as surface content from The Wall Street Journal and other outlets as responses in ChatGPT.

VB Event
The AI Impact Tour: The AI Audit

Join us as we return to NYC on June 5th to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.

Request an invite

Other News Corp.-owned news titles include Barron’s, MarketWatch, Investor’s B …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

Share This