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  • Writer's pictureSarah Ruivivar

Financial Times and OpenAI Ink Licensing Deal

📸 ModelProp / Midjourney

The Financial Times (FT) has recently joined forces with OpenAI in a licensing deal, marking another collaboration between the AI giant and a news organisation.


This partnership will allow ChatGPT users to access summaries, quotes, and links to FT’s articles, with any information derived from the FT being duly accredited to the publication.


In return, OpenAI will assist the FT in the development of new AI products. The FT is no stranger to OpenAI's offerings, already being a client of ChatGPT Enterprise. In fact, just last month, the FT launched a generative AI search function, Ask FT, powered by Anthropic’s Claude large language model. This function enables subscribers to efficiently locate information across the publication’s articles.


 

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Despite this partnership with OpenAI, the FT remains committed to "human journalism", according to Financial Times Group CEO John Ridding. He stated, "It’s right, of course, that AI platforms pay publishers for the use of their material," adding that "it’s clearly in the interests of users that these products contain reliable sources."


OpenAI has previously struck similar deals with other news organisations like Axel Springer and The Associated Press, to train AI models using their content. However, not all news organisations share this symbiotic relationship with OpenAI. The New York Times, The Intercept, Raw Story, and AlterNet have all filed lawsuits against OpenAI and Microsoft for copyright infringement.



 

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