OpenAI, News Corp sign content sharing deal; shares surge

Investing.com-- Artificial intelligence major OpenAI and News Corp (NASDAQ:NWSA) said on Wednesday that they had signed a deal under which OpenAI will be granted access to some of the biggest news publications under the media powerhouse. 

News of the deal saw News Corp’s shares surge in afterhours trade, with its A shares up 7.6% at $27.93. 

Under the deal, OpenAI will be given access to new and archived content from several publications, including The Wall Street Journal, The Times,The New York Post and Marketwatch. 

OpenAI will feature content from News Corp publications in responses generated by its AI software, chiefly ChatGPT. News Corp will also provide the firm with “journalistic expertise,” the two said in an announcement. 

The two did not announce any financial details of the agreement. But The Wall Street Journal, which is owned by News Corp, said the deal was valued at over $250 million over the span of five years.

The deal with News Corp comes just a few days after OpenAI inked a similar content deal with the Financial Times. The firm has tied up with several major publications and social media websites for content to train its flagship AI models with.

Still, OpenAI has also drawn scrutiny over its allegedly unauthorized usage of data to train its models. The New York Times sued the Microsoft-backed AI giant in late-2023, accusing the firm of copyright infringement.