The media giant Conde Nast is the latest prominent media company to team up with the AI firm. The settlements are a direct outcome of several news organisations suing the tech behemoth for alleged copyright infringement.
It has been determined that Conde Nast, the publisher of Vogue, Wired, and GQ, has negotiated an arrangement with OpenAI that will last for many years.
Traveller,On Tuesday, the artificial intelligence startup disclosed the existence of this partnership. According to the company, ChatGPT and its prototype tool SearchGPT will display information from “top brands such as Vogue, The New Yorker, Condé Nast Traveller, GQ, Architectural Digest, Vanity Fair, Wired, Bon Appétit, and more.” ChatGPT was also planned to display content from other publications.
The specifics of the transaction’s finances were not disclosed to the general public in any way.
An announcement regarding a “multi-year content deal” was made by OpenAI and Time magazine in the month of June. Through this agreement, OpenAI would be able to acquire access to the information that Time magazine has produced over the course of more than one hundred years.
Is there a chance that the growth in artificial intelligence may actually turn into a market bubble?
In their respective publications, industry experts from Goldman Sachs and Sequoia Capital have issued warnings about the risks associated with investing in the artificial intelligence (AI) “gold rush.”
It has been announced in a press release that OpenAI will have the capability to display Time’s content anytime users conduct a search in ChatGPT. OpenAI will also be granted permission to utilise Time’s content “to enhance its products” or, more likely, to train its artificial intelligence models. This permission will be granted immediately.
A number of other media, including the Financial Times, Axel Springer, owner of Business Insider, Le Monde, France, and Prisa Media, Spain, have recently secured partnerships with OpenAI.
The agreements have prompted a number of other media businesses to initiate legal action against the parties involved. The New York Times and eight other daily newspapers have launched a lawsuit against OpenAI, alleging that the latter violated their copyright by using their content to teach ChatGPT. The action was filed in response to allegations that their content was used to train ChatGPT.
Brad Lightcap, the chief operating officer of OpenAI, stated that the company is committed to working together with Conde Nast and other news publishers in order to “ensure that as artificial intelligence plays a larger role in news discovery and delivery, it maintains accuracy, integrity, and respect for quality reporting.” This is according to Lightcap’s statement.
According to a statement that was handed out to employees by Roger Lynch, the chief executive officer of Conde Nast, news organisations are going through difficult times. This is due to the fact that several digital firms have reduced the potential of publishers to generate revenue from their material.
The head of the company stated that the company’s cooperation with OpenAI is beginning to compensate for some of the revenue in question.