🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

OpenAI signs content deals with The Atlantic and Vox Media

Published 05/29/2024, 11:17 AM
Updated 05/29/2024, 01:31 PM
© Reuters. OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Sam Altman-led OpenAI said on Wednesday it has signed content and product partnerships with The Atlantic and Vox Media, helping the artificial intelligence firm to boost and train its products.

WHY IT'S IMPORTANT

The agreements with The Atlantic and Vox Media come on the heels of several media firms signing similar deals, giving OpenAI access to their news content and archives to train its large language models.

Such partnerships are not only crucial for the training of AI models, they can also be lucrative for news publishers, which have traditionally been denied a slice of profits internet giants earn for distributing their content.

Last week, OpenAI signed a deal with media conglomerate and the Wall Street Journal-owner News Corp (NASDAQ:NWSA).

CONTEXT

Vox Media, the owner of The Verge and Vulture, among others, said OpenAI will help the company to develop products for its consumers and advertising partners.

OpenAI will get access to Vox Media's archives to help the Microsoft-backed company enhance its technology and its viral chatbot ChatGPT's output, Vox Media said in a statement.

Separately, The Atlantic also announced a similar deal, giving OpenAI access to the publisher's content.

The Atlantic said it is creating an "experimental microsite, called Atlantic Labs," that will also pilot OpenAI's tech, helping the media firm explore how AI can drive development of new products and features.

OpenAI signed a separate deal with the World Association of News Publishers (WAN-IFRA) on Wednesday to help news publishers fast-track their AI adoption.

© Reuters. OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

KEY QUOTES

"There's a lot of fear in the media industry about partnering with tech platforms. But I'm absolutely convinced these deals can be beneficial, if we've learned the right rules, structure them the right way, and hedge our bets," The Atlantic's CEO Nicholas Thompson said in a LinkedIn post.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.