Licensing2024-04-29confirmed

OpenAI × Financial Times

The Financial Times and OpenAI announced a licensing deal that allows OpenAI to use FT's content, including its paywalled archive, for training generative AI models. [2, 4] In return, ChatGPT will be able to answer queries with attributed summaries and links to FT.com. [9, 21] The financial terms of the agreement were not disclosed. [21]

Price paid
$5M
Losing bid
Per unit
no meaningful ratio

The asset

A strategic partnership and licensing agreement for the FT's journalism to be used to train OpenAI's models and to allow ChatGPT to provide summaries, quotes, and links from FT articles.

The record

Seller status
Going concern
Sector
news publishing
Modalities
text
Jurisdiction
UK

What it means if you hold data

This deal with a prestigious, paywalled news organization demonstrates that AI companies are willing to partner to access high-quality, authoritative content, even if it's not on the open web. It serves as a model for other premium publishers seeking to monetize their archives while maintaining control over attribution. [2, 4]

Sources