STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - News Corp is engaged in"various negotiations" with artificial intelligence companies over their use of its content, the company's chief executive said at an investor conference Thursday, adding it does not plan to pursue legal action against them at this stage.
"What you will see over time is a lot of litigation; some media companies have already begun those discussions," said News Corp Chief Executive Robert Thomson, speaking at the Goldman Sachs Communacopia + Technology Conference.Publishers such as News Corp, which owns the Sunday Times and Wall Street Journal among other publications, are raising concerns about being compensated for content used to train Google’s generative AI chatbot Bard, as well as ChatGPT.
Launched by OpenAI in November, ChatGPT has become the world's fastest growing app to date, and its emergence has prompted the release of rivals such as Bard. It's unclear whether more publishers will ultimately strike deals with the tech companies or pursue litigation related to the use of that content. The Associated Press struck a deal in July, licensing a part its archive of news stories to ChatGPT-owner OpenAI.
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AI could potentially lead to a 'tsunami' of jobs losses in news industry: News Corp. CEONews Corporation CEO Robert Thomson (NWSA) sits down with Yahoo Finance Executive Editor Brian Sozzi at the Goldman Sachs Communacopia & Technology Conference as he unpacks the impact of AI on the media industry. Thomson states that AI will be 'epochal' for news going on to warn that the industry could face a 'tsunami potentially of job losses' due to the tech. Thomson says that with AI the danger is 'rubbish in, rubbish out, and, in this case, rubbish all about' emphasizing his point that there is no management of content with AI. 'Instead of elevating and enhancing, what you might find is that you have this ever-shrinking cycle of sanity surrounded by a reservoir of rubbish,' Thomson says. Thomson goes on to say that AI can't replace editorial roles and 'great writing,' but it will have an impact on roles that do things that are 'replicative and iterative.' Thomson also weighs in on his outlets will be covering the 2024 election cycle and the potential boost in ad spending that comes with it. Click here for more of Yahoo Finance's coverage from the Goldman Sachs Communacopia tech conference.
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