The News Corporation signs licensing agreement with OpenAI for AI training purposes | WPN World People News

The News Corporation, parent company of the American newspaper The Wall Street Journal, announced recently the completion of a significant content licensing agreement with the artificial intelligence startup OpenAI. CEO of News Corporation, Robert Thomson, emphasized that this collaboration underscores the value of quality journalism. Encouraged by this positive development, the stock price of News Corporation rose by 7.1%.

According to reports from foreign media outlets, the agreement between News Corporation and OpenAI includes allowing OpenAI to utilize its news products to respond to user queries and to train its technology. This agreement encompasses the current and archived content of brands such as The Wall Street Journal, New York Post, MarketWatch, The Daily Telegraph, and The Australian.

Sources familiar with the matter revealed that the value of this deal over the next five years could exceed $250 million, inclusive of cash and technology credits. OpenAI stated that this collaboration will enhance the accuracy of its AI models, while News Corporation will provide expertise in journalism to ensure the highest standards of news presentation.

In a memorandum addressed to employees, Thomson emphasized that this collaboration acknowledges the value of quality journalism and highlighted OpenAI's recognition of the significance of the news industry. Thomson noted that in the digital age, publishers often take the lead while the interests of creators are overlooked, leading to the closure of many media companies. He believes that this collaboration presents an opportunity that should be seized, especially as numerous media companies have already vanished amid the technological revolution. With the rise of generative artificial intelligence, the news publishing industry is engaged in tense negotiations to ensure revenue from intellectual property rights.

Faced with the challenges of the digital age, the media sector must contemplate how to safeguard intellectual property and ensure revenue. Prior to this, several media conglomerates have partnered with OpenAI, including the Associated Press, Axel Springer, and Meredith Corporation, owner of People magazine.

However, some media outlets such as The New York Times have opted to take legal action against OpenAI, alleging unauthorized use of their content for training models. Additionally, some established media outlets like The Washington Post have yet to reach agreements with AI companies, though they remain open to collaboration.