Through the deal, ChatGPT users will be able to see selected attributed summaries, quotes, and rich links to FT journalism in response to relevant queries. Additionally, the FT became a customer of ChatGPT Enterprise earlier this year, providing access for all employees to familiarise themselves with the technology and benefit from its potential productivity gains.

“This is an important agreement in a number of respects,” said John Ridding, FT Group CEO. “It recognises the value of our award-winning journalism and will give us early insights into how content is surfaced through AI.”

In 2023, technology companies faced numerous lawsuits and widespread criticism for allegedly using copyrighted material from artists and publishers to train their AI models without proper authorisation.

OpenAI, in particular, drew significant backlash for training its GPT models on data obtained from the internet without obtaining consent from the respective content creators. This issue escalated to the point where The New York Times filed a lawsuit against OpenAI and Microsoft last year, accusing them of copyright infringement.

While emphasising the FT’s commitment to human journalism, Ridding noted the agreement would broaden the reach of its newsroom’s work while deepening the understanding of reader interests.

“Apart from the benefits to the FT, there are broader implications for the industry. It’s right, of course, that AI platforms pay publishers for the use of their material. OpenAI understands the importance of transparency, attribution, and compensation – all essential for us,” explained Ridding.

Earlier this month, The New York Times reported that OpenAI was utilising scripts from YouTube videos to train its AI models. According to the publication, this practice violates copyright laws, as content creators who upload videos to YouTube retain the copyright ownership of the material they produce.

However, OpenAI maintains that its use of online content falls under the fair use doctrine. The company, along with numerous other technology firms, argues that their large language models (LLMs) transform the information gathered from the internet into an entirely new and distinct creation.

In January, OpenAI asserted to a UK parliamentary committee that it would be “impossible” to develop today’s leading AI systems without using vast amounts of copyrighted data.

Brad Lightcap, COO of OpenAI, expressed his enthusiasm about the FT partnership: “Our partnership and ongoing dialogue with the FT is about finding creative and productive ways for AI to empower news organisations and journalists, and enrich the ChatGPT experience with real-time, world-class journalism for millions of people around the world.”

This agreement between OpenAI and the Financial Times is the most recent in a series of new collaborations that OpenAI has forged with major news publishers worldwide.

While the financial details of these contracts were not revealed, OpenAI’s recent partnerships with publishers will enable the company to continue training its algorithms on web content, but with the crucial difference being that it now has obtained the necessary permissions to do so.

Ridding said the FT values “the opportunity to be inside the development loop as people discover content in new ways.” He acknowledged the potential for significant advancements and challenges with transformative technologies like AI but emphasised, “what’s never possible is turning back time.”

“It’s important for us to represent quality journalism as these products take shape – with the appropriate safeguards in place to protect the FT’s content and brand,” Ridding added.

The FT has embraced new technologies throughout its history. “We’ll continue to operate with both curiosity and vigilance as we navigate this next wave of change,” Ridding concluded.

(Photo by Utsav Srestha)

See also: OpenAI faces complaint over fictional outputs

Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The comprehensive event is co-located with other leading events including BlockX, Digital Transformation Week, and Cyber Security & Cloud Expo.

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The post FT and OpenAI ink partnership amid web scraping criticism appeared first on AI News.

The crux of its appeal lies in its enhanced features, including an impressive 32,000-token context window. This upgrade enables ChatGPT Enterprise to process extended pieces of text or hold prolonged conversations, allowing for more nuanced and comprehensive exchanges.

One of the most significant leaps forward is the elimination of usage limits. Enterprise users will enjoy unrestricted access to GPT-4 queries that are delivered at accelerated speeds, heralding a new era of streamlined interactions and rapid data analysis.

Jorge Zuniga, Head of Data Systems and Integrations at Asana, said:

“ChatGPT Enterprise has cut down research time by an average of an hour per day, increasing productivity for people on our team. It’s been a powerful tool that has accelerated testing hypotheses and improving our internal systems.”

Security-conscious businesses can rest assured as ChatGPT Enterprise boasts a robust security framework. Data encryption “at rest” and “in transit” ensures data privacy through AES 256 and TLS 1.2+ technologies respectively. Customer prompts and sensitive corporate data also remain untapped for OpenAI model training.

In an era where data security is paramount, ChatGPT Enterprise has obtained SOC 2 compliance—providing some extra confidence in its stringent adherence to security, availability, processing integrity, and privacy standards.

Furthermore, the introduction of an administrative console enables efficient member management, domain verification, and single sign-on (SSO), catering to the complex needs of large-scale deployments.

OpenAI’s blog post touts ChatGPT’s impressive adoption. With over 80 percent uptake in Fortune 500 companies, industry titans such as Block, Canva, and PwC are utilising ChatGPT Enterprise to expedite tasks ranging from coding to crafting clearer communications.

Based on a Deloitte survey of CEOs, 79 percent of chief executives are of the opinion that generative AI will enhance operational efficiencies. Additionally, 52 percent of the surveyed CEOs hold the view that it will open up growth prospects, while 55 percent acknowledge that they are currently exploring or testing AI solutions.

Another study by Gartner revealed that 45 percent of top-level executives mentioned that exposure to ChatGPT had motivated them to boost their investments in AI. This trend is likely to continue with the introduction of ChatGPT Enterprise.

Claire Trachet, CEO and founder of business advisory Trachet, commented:

“As we saw with the debut of ChatGPT, investor confidence naturally grew with everyone wanting to capitalise on new technology that will inevitably change the way we work on a day-to-day basis. 

This is also coming at a time when the AI arms race is becoming more competitive, and consumers are becoming more familiar with AI technology. As a result, consumers and businesses are becoming more inclined to use and integrate this technology into their lives and businesses.

For startups and smaller businesses, this will act as a way to help them scale up in a more cost-effective way through M&A deals and gain investor interest.”

Amidst the fervour surrounding ChatGPT Enterprise, questions emerge about its potential to transform business processes. Andrej Karpathy of OpenAI believes it may become as essential as spreadsheets.

Danny Wu, Head of AI Products at Canva, said:

“From engineers troubleshooting bugs, to data analysts clustering free-form data, to finance analysts writing tricky spreadsheet formulas—the use cases for ChatGPT Enterprise are plenty.

It’s become a true enabler of productivity, with the dependable security and data privacy controls we need.”

However, it’s crucial to reiterate that GPT-4’s strengths lie more in analysis, explanation, summary, and translation, rather than being an infallible source of facts.

Pricing for ChatGPT Enterprise remains undisclosed. Enterprises looking to get started will have to wait for more information on how much this potentially groundbreaking AI tool will cost them.

(Photo by Sean Pollock on Unsplash)

See also: ChatGPT’s political bias highlighted in study

Want to learn more about AI and big data from industry leaders? Check out AI & Big Data Expo taking place in Amsterdam, California, and London. The comprehensive event is co-located with Digital Transformation Week.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

The post OpenAI launches ChatGPT Enterprise to accelerate business operations appeared first on AI News.