Google Strikes US$5-6 Million Deal with News Corp for AI Content Development

Google to pay News Corp between $5 million and $6 million annually for new AI content and products. The partnership is part of a longstanding relationship between Google and News Corp. News Corp clarifies that there is no specific AI content licensing deal with Google, but multiple partnerships exist.

Credit: REUTERS

The purpose of this partnership is to develop new AI-related content and products, as reported by The Information on Tuesday.

This collaboration is part of a longstanding relationship between Google and News Corp, according to sources familiar with the deal. A News Corp employee and another individual close to the matter confirmed the arrangement.

However, a spokesperson from News Corp clarified that there is no specific AI content licensing deal with Google. Instead, they highlighted the existence of several partnerships between the two companies across various aspects of their businesses. Reuters reached out to Google for comment, but there has been no immediate response.

The demand for AI content in the news industry has been growing, leading AI firms to seek partnerships with news organisations to license their archived content for training their chatbots. This move allows AI companies to leverage the vast amount of information available in news archives to enhance the capabilities of their AI systems.

Similar agreements have been made between OpenAI and other news publishers, such as the Financial Times and Axel Springer, which owns brands like Politico. These partnerships aim to tap into the wealth of knowledge and insights contained within news archives to improve the performance and accuracy of AI-powered chatbots.

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• Google to pay News Corp between $5 million and $6 million annually for new AI content and products.

• The partnership is part of a longstanding relationship between Google and News Corp.

• News Corp clarifies that there is no specific AI content licensing deal with Google, but multiple partnerships exist.

Source: REUTERS