Conde Nast has penned a multiyear agreement with OpenAI to license the magazine company’s content, the latest high-profile media deal for the artificial intelligence (AI) start-up.
OpenAI, which makes ChatGPT and other AI tools, will display content from brands like Vogue, the New Yorker and Wired within its products, the company said yesterday. The deal also allows OpenAI to use Conde Nast’s content to help train its AI models, which require vast amounts of data to learn.
The announcement marks an expansion of OpenAI’s efforts to cut deals with media companies, rather than battle them over how the company uses news articles and other content in its AI tools. Financial terms were not disclosed.
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“It's crucial that we meet audiences where they are and embrace new technologies while also ensuring proper attribution and compensation for use of our intellectual property,” Conde Nast chief executive officer Roger Lynch wrote in a memo to employees. “This is exactly what we have found with OpenAI.”
OpenAI has been “transparent and willing to productively work with publishers,” Lynch said, adding that the deal is “just the beginning” of the “fight for fair deals and partnerships across the industry.”
Last year, OpenAI made similar deals with Axel Springer, the Atlantic and Vox Media, among others. Not every outlet, however, is working with the company. In December, the New York Times sued the start-up for allegedly using its copyrighted articles without permission to build its technology. OpenAI has disputed the claims, saying that the New York Times is not “telling the full story.”
As part of the deal with Conde Nast, OpenAI will also use the content in its upcoming SearchGPT product, a search-oriented version of its popular chatbot, which has yet to be widely released.
OpenAI chief operating officer Brad Lightcap said in a statement that the company is “committed to working with Conde Nast and other news publishers to ensure that as AI plays a larger role in news discovery and delivery” and that “it maintains accuracy, integrity, and respect for quality reporting.”
Meanwhile, OpenAI is releasing a new feature that will let corporate customers use their own company data to customize the artificial intelligence startup’s most powerful model, GPT-4o.
The start-up was to roll out the customization capability, known generally in the AI industry as fine-tuning, yesterday.
Fine-tuning allows existing AI models to be trained on additional information about a particular sort of task or subject area. For example, a company that makes skateboards might fine-tune an AI model so that it could be used as a customer-service chatbot able to address questions about wheels and the specifics of caring for a board.
To fine-tune a model, customers must upload their data to OpenAI’s servers. The training takes, on average, an hour or two, said John Allard, an OpenAI software engineer who works on customization. Initially, users will only be able to fine-tune the model with text-based data, Allard said, not images or other content.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
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