NatalieLopez

 29 Apr 24

tl;dr

OpenAI, the AI startup backed by Microsoft (NASDAQ: MSFT), has entered into a deal with the Financial Times to utilize the outlet's content for training its AI models. The Financial Times will receive an undisclosed payment as part of the agreement, and in return, users of OpenAI's ChatGPT chatbot w...

OpenAI, the AI startup backed by Microsoft (NASDAQ: MSFT), has entered into a deal with the Financial Times to utilize the outlet's content for training its AI models. The Financial Times will receive an undisclosed payment as part of the agreement, and in return, users of OpenAI's ChatGPT chatbot will receive article summaries, quotes, and relevant links from the Financial Times. FT Group Chief Executive John Ridding emphasized the importance of transparency, attribution, and compensation in the deal, stating that reliable sources are crucial for users. OpenAI's Chief Operating Officer Brad Lightcap expressed the aim of empowering news organizations and journalists through AI and enhancing the ChatGPT experience with world-class journalism. Microsoft had previously announced a multi-billion dollar investment in OpenAI in January 2023. OpenAI has a varied history with media, including previous deals with Axel Springer, Le Monde, Prisa Media, the Associated Press, American Journalism Project, and NYU. Talks with News Corp., Gannett, and others have also been reported. However, OpenAI and Microsoft faced a lawsuit from The New York Times Company for alleged copyright infringement, leading to ongoing legal disputes and claims from both parties. Additionally, a group of nonfiction writers joined a lawsuit alleging misuse of their books by OpenAI and Microsoft for AI model training purposes, further complicating the company's relationship with content providers. In September, OpenAI was sued by several authors, including George R.R. Martin and John Grisham, over alleged copyright infringement in a New York federal court.

More about Microsoft Corporation

Company: Microsoft Corporation

Industry: Technology, Services-Prepackaged Software

Market Cap: 301.99 billion

Current Price: $35.21

Change: 2.93 ( 11.54%)

52-Week Range: $31.83 - $0.364

Volume: 236,583,993

Average Volume: 462.44

Dividend Yield: 0.20

P/E Ratio: 0.17

More about News Corp B

Company: News Corp B, News Corporation

Industry: Manufacturing, Newspapers: Publishing or Publishing & Printing

Market Cap: $13,898,028,000

Current Price: $62.4

EPS: 0.2

P/E Ratio: 0.4

Dividend Yield: 17.39%

Beta: 0.0229

Shares Outstanding: 9,965,000,000

Revenue: $32.6 billion

Gross Profit: $1.321 billion

EBITDA: 0.026 billion

More about News Corp A

Company: News Corp A, News Corporation is an American mass media and publishing company operating across digital real estate information, news media, book publishing, and cable television.

Sector: Manufacturing, Newspapers: Publishing or Publishing & Printing

Market Cap: 13,898,041,000

Stock Price: $60.55

Change: 0.2 ( 0.4%)

PE Ratio: 17.39

EPS: $0.0229

Volume: 9,965,000,000

52-week High: $31.86

52-week Low: $1.321

Dividend Yield: 0.026

More about Gannett Co Inc

Gannett Co Inc

Gannett Co., Inc. is a media and marketing solutions company in the United States. The company is headquartered in McLean, Virginia.

Industry: MANUFACTURING

Sector: NEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING

Market Cap: 383940000

Dividend Yield: None

EPS: -0.2

Price: 19.07

Change: -0.0104

Volume: 2663550000

PE Ratio: 2.98

ROE: 0

ROA: -0.084

More about New York Times Company

The New York Times Company provides news and information for readers and viewers on various platforms worldwide. The company is headquartered in New York, New York.

Sector: Manufacturing

Industry: Newspapers: Publishing or Publishing & Printing

Market Cap: 7.0993 billion

Current Price: $30.84

Price Change: $0.44 ( 1.4%)

52-Week Range: $14.56 - $46.43

EPS: $0.0969

Volume: 2,399,152

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
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