"Microsoft has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic." http://f-st.co/5UesOZ9
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Senior Director of Organic Growth @ Mistplay | Marketing and Growth Leader | Startup Advisor | Product Strategist | Daily Consumer Tech News Curator | Alum: Discord, Twitch, Microsoft, American Express
The Wall Street Journal owner News Corp struck a major content-licensing pact with OpenAI, aiming to cash in on a technology that promises to have a profound impact on the news-publishing industry. The deal could be worth more than $250 million over five years, including compensation in the form of cash and credits for use of OpenAI technology, according to people familiar with the situation. OpenAI would use content from News Corp’s consumer-facing news publications, including archives, to answer users’ queries and train its technology. The deal that News Corp reached with OpenAI guarantees that content won’t become available on ChatGPT immediately after publication, according to a person familiar with the agreement. In addition to providing content, News Corp will share journalistic expertise with OpenAI, the companies said. News Corp owns several news publications in the U.S., the U.K. and Australia. Its biggest profit driver, Dow Jones & Co., is home to the Journal, Barron's and MarketWatch. News Corp’s other news properties include the New York Post, Times of London, the Sun and the Australian. Content from other units such as research tool FACTIVA LIMITED or book publisher HarperCollins Publishers isn’t included in the OpenAI deal. “Together, we are setting the foundation for a future where AI deeply respects, enhances, and upholds the standards of world-class journalism,” OpenAI Chief Executive Sam Altman said in a statement. #openai #newscorp #ai #deals #tech https://lnkd.in/gCUsUsaX
OpenAI, WSJ Owner News Corp Strike Content Deal Valued at Over $250 Million
wsj.com
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Featured Article : Anti-Trust : OpenAI And Microsoft Following the recent boardroom power struggle that led to the sacking and reinstatement of OpenAI boss Sam Altman, Microsoft’s relationship with OpenAI is now under US and UK antitrust scrutiny. What Happened? A recent boardroom battle at OpenAI (ChatGPT’s creator and working partner of Microsoft), led to the rapid ousting of OpenAI’s boss Sam Altman […] The post Featured Article : Anti-Trust : OpenAI And Microsoft appeared first on Enhance Systems.
Featured Article : Anti-Trust : OpenAI And Microsoft
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Microsoft and Apple Exit OpenAI's Board Key Updates: - Microsoft and Apple give up observer seats on OpenAI's board - Decision comes amid increased regulatory scrutiny of OpenAI Key points: - Microsoft cites confidence in OpenAI's new board and direction - Apple reverses plans to join as board observer - Both companies maintain partnerships with OpenAI Regulatory concerns: - U.S. and EU antitrust regulators examining OpenAI's deals - Focus on Microsoft's $13 billion investment in OpenAI Impact: - OpenAI continues collaboration with both tech giants - Move may help address antitrust worries This development shows big tech adjusting to regulatory pressures in AI partnerships. https://lnkd.in/eGsARE2A
Microsoft, Apple give up observer seats on OpenAI's board amid regulatory scrutiny - SiliconANGLE
siliconangle.com
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The saddest part of this story is that if they fail, it will have a ricochet effect on the entire legal tech sector powered by machine learning.
This is exactly the kind of deal that the FTC/DOJ need to block. Harvey is a thinly-veiled front for OpenAI and/or Microsoft to obtain what they could not from Lexis and TR. (...and as many of you know, we know quite a bit about the actors involved. We wish them the best - which is why we hope they think better of the offer.)
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Leading advisor and legal counsel to companies in the internet, AI, entertainment, cloud services, blockchain, and videogame industries
It will be interesting to watch the competing forces at work in the AI LegalTech space. Will plopping an LLM API over caselaw, RAG and guardrails ultimately prove to be a commodity that doesn’t hold up well against others doing it for free? Does adding a proprietary set of treatises and databases like offerings from Lexis and Westlaw provide a competitive moat? How many legal AI subscriptions can law firms justify? Is free LLM plus free caselaw with solid Human in the Loop good enough? It will be interesting to watch.
This is exactly the kind of deal that the FTC/DOJ need to block. Harvey is a thinly-veiled front for OpenAI and/or Microsoft to obtain what they could not from Lexis and TR. (...and as many of you know, we know quite a bit about the actors involved. We wish them the best - which is why we hope they think better of the offer.)
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OpenAI has struck yet another major content deal, this time with NewsCorp. What do you think about: - Media continually ceding power to Tech? - LLMs crawling the comments section? - Echo chambers deepening when our news is available via ChatGPT? Share your thoughts in the comments below.
OpenAI, WSJ Owner News Corp Strike Content Deal Valued at Over $250 Million
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Hey everyone, check out this interesting article about Microsoft and Apple stepping down from their OpenAI board seats due to regulatory scrutiny. It's definitely a big move in the tech world and worth keeping an eye on. #TechNews #RegulatoryScrutiny #OpenAI https://ift.tt/3vU75mc
Hey everyone, check out this interesting article about Microsoft and Apple stepping down from their OpenAI board seats due to regulatory scrutiny. It's definitely a big move in the tech world and worth keeping an eye on. #TechNews #RegulatoryScrutiny #OpenAI https://ift.tt/3vU75mc
theverge.com
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🚨 🚨 🚨 The final #forecast from Everlaw’s internal experts, focusing on the future advancements in #legaltech for 2024 and beyond. We give you #9 > #FOIA Requests Will #Spike as OpenAI Seeks Free Content to Feed its Models! With The New York Times suing OpenAI and Microsoft for copyright infringement, we’ll see that the value of information – fact-based articles, insights, analysis and more content – will rise in 2024, as #GenAI companies search for large amounts of “free data.” The federal government is a huge source of technical and historical data, which could become a source of training material for GenAI engines such as OpenAI. The kicker is that the federal government must provide certain types of information to individuals under the Freedom of Information Act. My prediction is that #FOIA requests are going to skyrocket in 2024 as this information gets monetized in the #AI gold rush, and the federal government, already buried under these requests, will face a backlog like they’ve never seen before. Smart agencies are preparing by looking at modernizing their review platforms, and even looking to AI to assist in the process. – Alan Lawrence, head of Everlaw Public Sector See all the predictions and trends > https://lnkd.in/gzdiYupD #Insights #Trends #FOIA #PublicSector
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#Topics UK CMA is Investigating Microsoft's Partnership with OpenAI [ad_1] The UK Competition and Markets Authority (CMA) announced today that it is investigating whether Microsoft's unique partnership with OpenAI is anti-competitive. "The Competition and Markets Authority (CMA) is today providing an early opportunity for the parties and interested third parties to comment on whether the partnership between Microsoft and OpenAI, including recent developme... [ad_2] #CMA #Investigating #Microsofts #openai #Partnership
UK CMA is Investigating Microsoft's Partnership with OpenAI - AIPressRoom
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