OpenAI, WSJ Owner News Corp Strike Content Deal Valued at Over $250 Million
‘The Pact Acknowledges that there is a Premium for Premium Journalism,’ News Corp CEO Robert Thomson Tells Employees
Wall Street Journal owner News Corp NWSA -0.07%decrease; red down pointing triangle struck a major content-licensing pact with the generative artificial-intelligence company OpenAI, aiming to cash in on a technology that promises to have a profound impact on the news-publishing industry.
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. OpenAI would use content from News Corp’s consumer-facing news publications, including archives, to answer users’ queries and train its technology.
Terms of content-licensing agreements between publishers and OpenAI aren’t public, but the News Corp deal is among the biggest, if not the biggest, reached to date.
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