Pranav is a senior editor at Engadget responsible for handling news coverage during west coast hours.
“Over the last decade, news and digital media have faced steep challenges as many technology companies eroded publishers’ ability to monetize content, most recently with traditional search,” Condé Nast CEO Roger Lynch wrote to employees in a memo that was’s Max Tani. “Our partnership with OpenAI begins to make up for some of that revenue, allowing us to continue to protect and invest in our journalism and creative endeavors.
The move makes Condé Nast the latest in a growing line of publishers who have struck deals with OpenAI. These includethat “many” media companies could face financial ruin by the time it would take for litigations against AI companies to conclude and called upon Congress to take “immediate action" to take"immediate action" and clarify that publishers must be compensated by AI companies for both training and output if they use their content.
Openai Media Conglomerate Roger Lynch
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