Financial Times strikes deal with OpenAI

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 FT.com. 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.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.