Financial Times announced on 29th April about a strategic partnership and licensing agreement with ChatGPt owned company OpenAI. This partnership will benefit OpenAI to improve its model content through incorporating FT journalism. The collaboration will also focus on using licensed content to avoid any lawsuits that openAI has faced in the past.
According to a Financial Times report, this agreement will allow ChatGPT users to select quotes, Summaries and links to FT journalism in response to their queries. It also mentioned that FT is a customer of ChatGPT. It has paid subscription to ChatGPT for all of its employees to make them creative and productive again through AI tools.
Financial Times ‘s CEO John Ridding is optimistic towards the agreement. He believes it will help recognize the work of journalists, and also will give insight into how AI uses the content. This agreement will keep them in the forefront of development in journalism.
Brad Lightcap, COO of OpenAI says that it’s important for them to represent quality journalism, and to product the brand and its content. It’s a creative way for AI to empower news organizations and journalists and enrich their ChatGPT experience in real time. He added that we always embraced new technologies, and we will continue to navigate this wave of change.
