OpenAI CEO Denies Need For New York Times Data Amidst Copyright Infringement Lawsuit: 'We Do Not Want…'
Portfolio Pulse from Ananya Gairola
OpenAI CEO Sam Altman has dismissed the need for substantial training data from publishers like The New York Times Co. (NYT) amidst a copyright infringement lawsuit. Altman stated that OpenAI does not want to train on NYT data and is instead seeking partnerships with publishers to provide current news to users. The lawsuit, which alleges damages in the billions, is one of several legal challenges OpenAI faces, including class-action lawsuits from various writers. Despite this, OpenAI has secured content deals with the Associated Press and Axel Springer SE.
January 17, 2024 | 1:27 am
News sentiment analysis
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Microsoft Corporation, as a principal investor in OpenAI, could face indirect repercussions from the lawsuit, potentially affecting investor sentiment.
Microsoft's association with OpenAI could lead to negative investor sentiment due to the legal issues OpenAI is facing. However, given Microsoft's size and diversified operations, the impact on its stock may be limited.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
The New York Times Co. is involved in a copyright infringement lawsuit against OpenAI, which could potentially impact its legal expenses and public image.
The ongoing lawsuit with OpenAI could lead to increased legal costs for NYT and potentially damage its reputation if the public perceives the company as litigious or resistant to technological advancements. This could negatively impact the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80