News Corp and OpenAI Announce $250M Multi-Year Content Partnership, Shares Climb 7.9%

May 22, 2024, 10:57 PM

News Corp and OpenAI have announced a landmark multi-year partnership, allowing OpenAI to access and use News Corp's news content in its AI products. The deal, valued at over $250 million over five years, includes content from major News Corp publications such as The Wall Street Journal, New York Post, Barron's, MarketWatch, The Times, and The Sunday Times. This agreement aims to enhance OpenAI's offerings by integrating premium journalism and maintaining high journalistic standards. News Corp will also share its journalistic expertise with OpenAI. Following the announcement, News Corp shares climbed 7.9%. The deal also includes compensation in the form of cash and credits for the use of OpenAI technology.