“OpenAI and Financial Times Alliance: An Unclear Future for Media and Tech”
In a struggling media climate, a new partnership has given newsrooms a glimmer of hope. OpenAI recently announced an agreement to license the Financial Times (FT) for its enormous language models, which serve as the backbone for chatbots like ChatGPT. OpenAI has previously formed similar arrangements with various publishers worldwide.
These licensing agreements between OpenAI and publishers might be seen as a life raft for the shrinking media sector. But without transparency in the deal arrangements, smaller publishing houses might be left in a lurch.
OpenAI's partnership with FT is a crucial paradigm in the tech industry's ongoing struggle to source high-quality training data. The clock is ticking, with experts predicting a possible training data deficit by 2026. The shortage might lead to “model collapse”, similar to biological inbreeding, resulting in malfunctioning AI systems.
This partnership also comes as AI companies navigate a labyrinth of legal issues around their training data. The unavailability of financial specifics about licensing deals makes it challenging to establish a market value for publishers' archives. For instance, OpenAI reportedly offers annual arrangements to publishers ranging from $1 million to $5 million, equating to less than a penny per word for their content.
Furthermore, the media industry remains concerned that agreements between larger publishers and companies might leave smaller outlets without negotiation power. Nevertheless, OpenAI continues its licensing spree, the latest being Financial Times.
As we celebrate this groundbreaking collaboration, we have to ponder – Will smaller publications survive in the race against big tech?
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