AI companies continue to look for data sources that their model can use as training data. After all, it is crucial to create an AI product that has more accurate results. OpenAI continues to work on making its AI models better, and The Financial Times will help with that.

The Financial Times Deal with OpenAI

It's a smart move to make a deal with a large news organization, considering the trove of data OpenAI will have access to. With news organizations, the AI company will be able to train its AI model on current events and real-life scenarios.

Both parties announced the collaboration, which they framed as a way to develop new AI products for OpenAI, and a new set of AI features for the readers of the news outlet. It will be beneficial both ways.

Not only will The Financial Times add an AI factor to its services, but it will also be getting compensated for the data it will hand over. It's unclear how much OpenAI will be paying. According to Engadget, it could be between $1 million to $5 million a year.

Financial Times CEO John Ridding said "It is right, of course, that AI platforms pay publishers for the use of their material," adding that despite the deal, they are "committed to human journalism." The AI features will merely be assistive instead of taking over writers' work.

It's a relatively fair agreement, considering that AI companies like OpenAI have been accused of scraping data on the internet, using various data and content without the creators' permission. This has drawn a lot of bad press for many firms, as well as caught regulators' attention.

The AI startup has already learned its lesson, considering that OpenAI has run into trouble before for the alleged use of articles from other news organizations. The New York Times, for instance, went after the company saying that it was scraping data without consent.

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The New York Times Sues OpenAI

The lawsuit, which was filed in Federal District Court in Manhattan, stated that OpenAI scraped millions of articles from The New York Times to train its chatbots, making them the first major media organization to file for copyright infringement against OpenAI.

It was mentioned that OpenAI was gearing up to be a competitor for news and reliable information. The news organization also claims that concerns were already raised about the unauthorized use of its data, as per The New York Times.

The aim was to create an "amicable resolution" such as compensation for the data or "technological guardrails," but nothing came of the discussion. With no solutions proposed, NYT decided to opt for a lawsuit to demand payment for "billions of dollars in statutory and actual damages."

In addition to that, the news company also asked OpenAI to destroy any chatbot models that used the copyrighted training data from The Times without their consent. A spokesperson from the ChatGPT maker said that the company was "surprised and disappointed" by the lawsuit.

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