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21/08/2024

Condé Nast Partners With OpenAI To Boost Revenue Amid Changing Media Landscape




Condé Nast Partners With OpenAI To Boost Revenue Amid Changing Media Landscape
OpenAI and Condé Nast have unveiled a new partnership that will integrate content from iconic publications like Vogue, The New Yorker, and GQ into OpenAI’s ChatGPT and SearchGPT platforms. This multi-year collaboration highlights a growing trend where major media firms are leveraging AI technologies to enhance their digital presence and generate additional revenue.
 
The deal underscores the evolving relationship between media companies and technology firms, where digital content is increasingly utilized to train and refine AI models. While many media organizations are wary of this trend, fearing it could undermine their content rights, some, including Condé Nast, are embracing these partnerships to adapt to the changing media environment.
 
Brad Lightcap, OpenAI's chief operating officer, emphasized the commitment to maintaining high standards in news discovery and delivery. “We’re committed to working with Condé Nast and other news publishers to ensure that as AI plays a larger role in news discovery and delivery, it maintains accuracy, integrity, and respect for quality reporting,” he said.
 
The media industry has been grappling with significant challenges as traditional business models are disrupted by social media and digital platforms. Roger Lynch, CEO of Condé Nast, pointed to the partnership as a crucial step in addressing these challenges. "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," Lynch noted.
 
The collaboration comes as OpenAI introduces its new AI-powered search engine, SearchGPT, which aims to enhance the way users interact with search technology. OpenAI has been actively engaging with media partners to refine this platform and improve its functionality.
 
Other notable media organizations that have joined forces with OpenAI include Time Magazine, the Financial Times, and the Associated Press. The growing integration of AI into search engines is seen as a significant development, with analysts predicting that AI-driven search technology will shape the future of digital information retrieval.
 
As OpenAI and its partners push forward, traditional search engine giant Google is also making strides in incorporating AI tools into its products. Despite the rapid advancements in AI technology, Google remains the leading player in the global search market, commanding over 90% of the market share. The shift towards AI-enhanced search features has raised concerns among news media firms, which depend heavily on search traffic for both audience engagement and revenue.
 
In response to these developments, some media organizations, like the BBC, have been proactive in protecting their content from unauthorized use by AI firms. The BBC has stated its intention to explore the benefits of generative AI while safeguarding its content rights and seeking new ways to provide value to its audiences and society.
 
(Source:www.ndtv.com)

Christopher J. Mitchell

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