Our funder News Corp has recently entered into a multi-year partnership with OpenAI. This partnership is another big step for the media company’s long-running push to include artificial intelligence in its workflows and operations. In January 2024, News Corp reached an agreement to license its vast trove of content to OpenAI. This collaboration opens the door to more powerful storytelling and transformative journalism projects.
As a result of this partnership, News Corp will focus on using OpenAI’s sophisticated technology to enhance its journalism capabilities. The collaboration reflects the media giant’s ongoing commitment to exploring innovative solutions that can assist in the production of quality journalism and content. This example of smart consolidation is emblematic of a larger trend. There is no silver bullet. Newsrooms across the industry have been using AI in some form for several years.
Then in mid-November 2023, News Corp announced plans to deepen its AI investments by licensing its content to other AI firms. OpenAI is very enthusiastic about seeking partnerships outside of its established collaborations. Through this drive the company seeks to further diversify its technology partnerships and enhance the full potential of AI across its operations.
Around this time, News Corp was negotiating with Google on an AI licensing agreement. These negotiations are emblematic of the cutthroat world of today’s media landscape. Now, companies are just coming to the understanding of how transformative AI can be for research and content generation.
In fact, some reports suggest that AI tools can increase productivity as much as 90% for advanced research activities. This major innovation has the potential to change the way journalists collect information and produce stories. From time saved to increased content production, this possible efficiency gain will be crucial for news organizations working to keep up in a rapidly changing digital world.
Our partnership with OpenAI is more than an experiment with new technology. It shows News Corp’s deep commitment, across its global portfolio, to incorporating innovative solutions that enhance the impact and relevance of its journalism. Machine learning News Corp is in a joint venture with the kingpin of AI. This strategic partnership puts them at the forefront of innovation within the constantly evolving media space.
“assist in the production of quality journalism and content” – Symbolic.ai
