Financial Times, OpenAI Strike Deal for AI Training and ChatGPT Content Enhancement

Apr 29, 2024, 08:16 AM

The Financial Times has entered into a strategic partnership and content licensing agreement with OpenAI. This collaboration will allow OpenAI to train its artificial intelligence models on the Financial Times' archived content. Additionally, the deal includes the use of the newspaper's content to enhance ChatGPT, enabling it to respond with short summaries of Financial Times articles. This move is part of a broader trend where big tech companies, including Microsoft and Alphabet, are leveraging AI to boost their business operations, as seen in their recent financial reports showing strong performance in AI-driven sectors. Notably, Alphabet has surged past a $2tn valuation, and General Catalyst is reportedly nearing a $6B fund for tech startups, highlighting a once-in-a-generation investment opportunity by Bill Ackman in AI.