OpenAI Partners with Financial Times to Leverage Content for AI Model Training

The Financial Times has entered into an agreement with OpenAI to license its content for AI model development. This deal will also enable ChatGPT to provide summaries attributed to the newspaper, marking the latest collaboration for the Microsoft-backed startup.

The financial details of the agreement, announced on Monday, were not disclosed. This partnership follows similar deals OpenAI has made in recent months with the Associated Press, global news publisher Axel Springer, France’s Le Monde, and Spain-based Prisa Media.

By integrating archived content from the Financial Times, OpenAI aims to enhance its ChatGPT chatbot. Both organizations will collaborate on developing new AI products and features tailored for FT readers, according to a joint statement.

This collaboration signifies a strategic move for OpenAI, leveraging high-quality journalistic content to improve the accuracy and relevance of its AI responses. The Financial Times, on the other hand, sees potential in AI-driven innovations to enrich its reader experience.

OpenAI’s recent partnerships highlight its commitment to working with established media entities to access a diverse range of content, bolstering its AI capabilities. The cooperation with the Financial Times is expected to yield new insights and applications for AI in journalism.

As AI technology continues to evolve, such collaborations are likely to play a crucial role in shaping the future of content creation and distribution, benefiting both AI developers and traditional media outlets.

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.