As it says in the quote from John Ridding below, this is about far more than the #FT.
“Apart from the benefits to the FT, there are broader implications for the industry. It’s right, of course, that AI platforms pay publishers for the use of their material. OpenAI understands the importance of transparency, attribution, and compensation – all essential for us,” said FT chief executive John Ridding.
It would be fairer to say that #OpenAI is learning the benefits of transparency, attribution, and compensation. This has been a hard-won lesson for OpenAI. Its earlier approaches paid scant regard to copyright, attribution and compensation.
The lesson OpenAI seems to be learning is that without quality training inputs, the output quality also takes a hit. If the output quality is poor then the overall value is reduced.
I'd love to know the terms of the FT deal, because I suspect the economics will be complex. The FT has, for years, done a good job on pricing and value (which is why I subscribe). How this will play out in the world of genAI is going to be very interesting to see. This is AI #economics in the making.
It underlines the symbiotic relationship between all ages of quality media. I just looked up when the FT was founded. The answer came from #Wikipedia (in a side window on #Google): it launched in January 1888, as the London Financial Guide, before rebranding just a month later. See, nothing new in experimenting!
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2moMark, it appears to be the same playbook from Google Search only instead of paying the site back in traffic for the use of their content, ChatGPT is writing checks but the end result is the same — advertisers have less of a reason to buy and run ads on the publishers site and more reason to buy and run ads on ChatGPT’s results page just like Search. Why do publishers continue to “do this”?