Home / Business and Economy / AI Giants Pay Millions for News Content
AI Giants Pay Millions for News Content
4 Mar
Summary
- Meta secures AI licensing deal with News Corp.
- Deal allows AI chatbot responses and model training.
- Potential annual payment up to $50 million.
Meta has entered into a substantial AI licensing agreement with News Corp, which will permit the tech company to utilize content from The Wall Street Journal and other News Corp brands. This content will be used for training AI models and in chatbot responses.
The deal, confirmed by News Corp, reportedly involves an annual payment of up to $50 million to News Corp. This three-year arrangement encompasses content from The Journal and News Corp's additional brands operating within the United States and the United Kingdom.
This agreement follows News Corp's prior five-year deal with OpenAI, valued at approximately $250 million. News Corp CEO Robert Thomson has described the company's negotiation strategy as "woo and sue," indicating a willingness to partner with companies that pay for content while pursuing legal action against those who attempt to use it without authorization.
