Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Associated Press, OpenAI partner to explore generative AI use in news

Published 07/13/2023, 11:37 AM
Updated 07/13/2023, 01:13 PM
© Reuters. FILE PHOTO: OpenAI logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration

(Reuters) -The Associated Press is licensing a part its archive of news stories to OpenAI under a deal that will explore generative AI's use in news, the companies said on Thursday, a move that could set the precedent for similar partnerships between the industries.

The news publisher will gain access to OpenAI's technology and product expertise as part of the deal, whose financial details were not disclosed.

AP also did not reveal how it would integrate OpenAI's technology in its news operations. The publisher already uses AI for automating corporate earnings reports, recapping sporting events and transcription for certain live events.

Its trove of news stories will help provide the massive amounts of data needed to train AI systems such as ChatGPT, which have dazzled consumers and businesses with their ability to plan vacations, summarize legal documents and write computer code.

News publications have, however, been slow to adopt the tech over concerns about its tendency to generate factually incorrect information, as well as challenges in differentiating between content produced by humans and computer programs.

"Generative AI is a fast-moving space with tremendous implications for the news industry," said Kristin Heitmann, AP's senior vice president and chief revenue officer.

"News organizations must have a seat at the table... so that newsrooms large and small can leverage this technology to benefit journalism."

Some outlets are already using generative AI for their content. BuzzFeed had announced that it will use AI to power personality quizzes on its site, and the New York Times used ChatGPT to create a Valentine's Day message-generator this year.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

AP's "feedback - along with access to their high-quality, factual text archive - will help to improve the capabilities and usefulness of OpenAI's systems,” said Brad Lightcap, chief operating officer at OpenAI.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.