Thomson Reuters is reportedly in talks with AI firms to license the organization's news and data content, striking a potential agreement similar to OpenAI and Axel Springer SE.
Thomson Reuters Opens Working With AI Firms
Thomson Reuters is one of the first publications to openly discuss the possibility of entering an agreement with AI firms, allowing companies to legally use its content for training. CEO Steve Hasker shared with Bloomberg that they are already in discussion with various AI providers.
"Reuters has had a very open-minded stance in terms of licensing our content to the leading large language model providers. We will have more on that this year," he explained.
Previously, the company announced its plan to invest an additional $100 million per year in generative AI. The company also added AI features to its Westlaw Precision legal research product.
OpenAI Plans to Strike Deals With Various Publications
Despite OpenAI's immediate success in the market, several publications were not happy about discovering the alleged usage of their content to train the company's AI models.
For instance, The New York Times sued OpenAI and Microsoft for copyright infringement. As a result, the leading AI company is now working to discuss deals with publications to acquire licensing deals to legally use content.
"We are in the middle of many negotiations and discussions with many publishers. They are active. They are very positive. They're progressing well," OpenAI's chief of intellectual property and content, Tom Rubin, shared.
As for Thomson Reuters, the company did not specify which AI companies they have been in contact with but there could be a great chance of closing an agreement soon.
