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April 30, 2024 – 7:55 AM PDT
(Reuters) – Alphabet-owned (GOOGL.O) Google has agreed to pay News Corp (NWSA.O), owner of the Wall Street Journal, between $5 million and $6 million annually to develop new AI-related content and products, the Information reported on Tuesday.
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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.
“We absolutely do not have an AI content licensing deal with Google, though we do have a number of partnerships with Google across our businesses,” a News Corp spokesperson told Reuters.
Google did not immediately respond to Reuters’ request for a comment.
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 and Priyanka.G in Bengaluru; Editing by Shilpi Majumdar