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
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.