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Last updated on August 29th, 2024 at 07:24 pm
Condé Nast Open AI Deal
Condé Nast, a big media company has agreed to let OpenAI use its content. In a memo to employees Condé Nast’s CEO said this long-term deal shows how important it is to use new technologies to reach people and to make sure they get credit and payment for their content.
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In the memo, Condé Nast’s CEO explained that over the past ten years, news and media companies have struggled because tech companies have made it hard for them to earn money from their content, especially with changes in search engines.
” The deal with OpenAI will help Condé Nast earn some of that money back, so they can keep supporting and improving their journalism and creative projects. “
The CEO said that OpenAI has been open and helpful throughout the deal, showing they care about working with publishers like Condé Nast to provide reliable news and information. This partnership acknowledges that Condé Nast’s high-quality content is unique and irreplaceable, and it’s a move towards making sure that using technology in the future is done responsibly.
Condé Nast, which owns famous magazines like ” Vanity Fair and Vogue ” has joined other big news companies in teaming up with Microsoft to use AI technology.
https://news-affairs.com/web-stories/top-stock-to-watch-today-21-august-2024/
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