Investing.com – Meta Platforms (NASDAQ: META) has reached a multi-year AI content licensing agreement with News Corp, according to reports from The Wall Street Journal citing sources familiar with the matter. The deal will pay the media company up to $50 million annually.
The agreement will last at least three years and grants Meta access to News Corp’s content in the US and UK. This allows Meta to retrieve new information for its AI products’ users and to train on more content, including story archives.
Financial terms of the Meta deal highlight the increasing importance tech companies place on news content, which is used to train their AI models. These companies also rely on such content to provide real-time information on current events through chatbots and other tools.
News Corp owns media assets including The Wall Street Journal.
This article was translated with the assistance of AI. For more information, see our Terms of Use.
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Meta and News Corp sign AI content agreement, with annual fees up to $50 million
Investing.com – Meta Platforms (NASDAQ: META) has reached a multi-year AI content licensing agreement with News Corp, according to reports from The Wall Street Journal citing sources familiar with the matter. The deal will pay the media company up to $50 million annually.
The agreement will last at least three years and grants Meta access to News Corp’s content in the US and UK. This allows Meta to retrieve new information for its AI products’ users and to train on more content, including story archives.
Financial terms of the Meta deal highlight the increasing importance tech companies place on news content, which is used to train their AI models. These companies also rely on such content to provide real-time information on current events through chatbots and other tools.
News Corp owns media assets including The Wall Street Journal.
This article was translated with the assistance of AI. For more information, see our Terms of Use.