New York: Google’s parent company, Alphabet, has struck a deal with News Corp, the parent company of the Wall Street Journal, to invest between $5 million and $6 million annually in developing new AI-driven content and products, according to a report by the popular media outlet The Information.
The collaboration, an extension of an ongoing partnership between the tech giant and News Corp, aims to explore innovative avenues in content creation leveraging artificial intelligence technologies. Sources close to the deal, including a News Corp employee, revealed details of the agreement.
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A News Corp spokesperson clarified to Reuters that while the company maintains various partnerships with Google across its business spectrum, there isn’t a specific AI content licensing deal in place with the tech giant. Google has yet to provide an official statement on the matter.
The initiative reflects a broader trend where AI companies seek partnerships with news organizations to access their archives for training purposes, particularly for chatbot development. Notable examples include OpenAI’s agreements with prominent publishers like the Financial Times and Axel Springer, which owns Politico among other brands.
