Investing.com – OpenAI and News Corp (NASDAQ:), the world’s largest artificial intelligence company, said Wednesday they have signed an agreement that will give OpenAI access to some of the media powerhouse’s largest news outlets.
News of the deal sent News Corp shares higher in after-hours trading, with Company A shares up 7.6% to $27.93.
Under the terms of the deal, OpenAI will have access to new and archived content from several publications, including The Wall Street Journal, The Times, The New York Post and Marketwatch.
OpenAI will incorporate content from News Corp publications into responses generated by its artificial intelligence software, mainly ChatGPT. News Corp will also provide “journalistic expertise” to the firm, the two said in a statement.
They did not disclose any financial details of the agreement. But The Wall Street Journal, which is owned by News Corp., reported that the deal was worth more than $250 million and was expected to last five years.
The deal with News Corp comes just days after OpenAI signed a similar content deal with the Financial Times. The firm has tied up with several major publications and social media websites for content to train its flagship AI models.
However, OpenAI has also come under scrutiny for its alleged unauthorized use of data to train its models. In late 2023, The New York Times sued the Microsoft-backed artificial intelligence giant, accusing the firm of copyright infringement.