'Financial Times, OpenAI Sign Content Licensing Partnership' - Reuters News
Portfolio Pulse from Benzinga Newsdesk
The Financial Times has entered into a content licensing agreement with OpenAI, allowing the AI firm to train its models on FT's content. This partnership aims to enhance OpenAI's ChatGPT with FT's attributed content and develop new AI products for FT readers. Financial terms were not disclosed. OpenAI, backed by Microsoft (MSFT), previously secured a similar deal with the Associated Press. The collaboration will enable ChatGPT to use select FT content summaries, quotes, and links in its responses.

April 29, 2024 | 12:12 pm
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Microsoft, as a backer of OpenAI, may see positive sentiment from the partnership between Financial Times and OpenAI, potentially benefiting its investment in the AI startup.
Microsoft's backing of OpenAI positions it to potentially benefit from the enhanced capabilities and visibility of ChatGPT through this partnership. The collaboration with a reputable news source like the Financial Times could improve ChatGPT's functionality and appeal, indirectly benefiting Microsoft's investment and its perceived leadership in AI technologies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75