Media News

Financial Times strikes deal with OpenAI

April 29, 2024

Posted by Chris Roush

The Financial Times has struck a deal with OpenAI to train artificial intelligence models on the publisher’s archived content, reports Madhumita Murgia of the FT.

Murgia reports, “Under the terms of the deal, the FT will license its material to the ChatGPT maker to help develop generative AI technology that can create text, images and code indistinguishable from human creations.

“The agreement also allows ChatGPT to respond to questions with short summaries from FT articles, with links back to This means that the chatbot’s 100mn users worldwide can access FT reporting through ChatGPT, while providing a route back to the original source material.

“‘Apart from the benefits to the FT, there are broader implications for the industry. It’s right, of course, that AI platforms pay publishers for the use of their material. OpenAI understands the importance of transparency, attribution, and compensation – all essential for us,’ said FT chief executive John Ridding.”

Read more here.

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