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OpenAI has entered into an agreement with the Financial Times to utilize its content for training artificial intelligence models.

Over the past few months, OpenAI has inked comparable agreements with the AP, international news outlet Axel Springer, Le Monde of France, and Prisa Media headquartered in Spain.

The Financial Times has entered into an agreement with OpenAI to license its content for AI model development and enable ChatGPT to provide summaries attributed to the newspaper, marking the latest collaboration for the Microsoft-backed startup.

Financial details of the deal, announced on Monday, were not disclosed. This move follows similar partnerships by OpenAI in recent months with the Associated Press, global news publisher Axel Springer, France’s Le Monde, and Spain-based Prisa Media.

Under the new agreement, the startup will utilize archived content from the FT to enhance the ChatGPT chatbot, and both parties will collaborate on creating new AI products and features for FT readers, as stated in a joint statement by the newspaper and OpenAI.

According to the companies, the summaries produced by ChatGPT from FT content will include links back to the newspaper.

FT Group CEO John Ridding expressed enthusiasm about exploring the practical implications of news sources and AI through this collaboration.

ChatGPT, which sparked the GenAI trend in late 2022, has the ability to imitate human conversation and undertake various tasks like condensing lengthy texts into summaries, composing poetry, and brainstorming ideas for themed parties.

Several media organizations have already begun utilizing generative AI for their content. BuzzFeed announced its intention to employ AI for generating personality quizzes on its website, while the New York Times utilized ChatGPT to develop a Valentine’s Day message-generator last year.

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