UPDATE 1-Google to pay up to $6 mln to News Corp for new AI content, The Information reports [Yahoo! Finance]
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
investors.newscorp.com/investor-relations
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Source: Yahoo! Finance
Street Journal, between $5 million and $6 million annually to develop new AI-related content and products, the Information reported on Tuesday. The new arrangement is part of a longstanding partnership between Google and News Corp, the report said, citing a News Corp employee and another person close to the deal. Google and News Corp did not immediately respond to Reuters' requests for comments. AI firms are looking to partner with news organizations to license their archived content for training their chatbots. Similar deals include that between OpenAI and news publishers such as Financial Times and Axel Springer, whose brands include Politico. (Reporting by Harshita Mary Varghese; Editing by Shilpi Majumdar)
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