Just one of the many ways Axel Springer is exploring the potential benefits of AI.
As noted in the outro from May 11's "On European Central Banking There's A New Go-To: Izabella Kaminska And Politico.eu Are Rolling Out A Dedicated Team"
...This is a gigantic canvas to paint on but fortunately for Ms. Kaminska, Axel Springer, Politico's parent, have been working on AI use cases for a while now, which is going to be key to the roll-out of Augmented Robo-Izzy. I picture something like depictions of Lakshmi, the Hindu Goddess of prosperity—also wealth, power etc., with her multiple arms for old-school multi-tasking.
From the Wall Street Journal, December 13:
Generative-AI company reaches multiyear pact with owner of Politico, Business Insider and major European properties
News-publishing giant Axel Springer has inked a multiyear licensing deal with AI pioneer OpenAI, a significant milestone as media companies push for compensation for the use of their content in AI tools.
Under the agreement, OpenAI will pay to use content from Axel Springer publications, which include Politico and Business Insider in the U.S. and European properties Bild and Welt, to populate answers in ChatGPT and train its artificial-intelligence tools.
The companies declined to disclose financial terms, but the pact is expected to generate substantial revenue for Axel Springer.
When ChatGPT uses information from Axel Springer publications to answer a user’s query, it will include links to the original sources of the information below the answer, the companies said in a joint statement. The new format, which would generate an answer in the form of a summary, is set to debut in the coming months. The aim is to ensure that those websites get credit, compensation and web traffic.
OpenAI will be able to display answers and train its technology using Axel Springer’s archival and current material. Axel Springer will also be able to use OpenAI’s technology to improve its own products, the publisher said.
“We want to explore the opportunities of AI-empowered journalism—to bring quality, societal relevance and the business model of journalism to the next level,” Axel Springer Chief Executive Mathias Döpfner said in a statement....
....MUCH MORE
