Posted on April 29, 2024 The Financial Times has announced it has a cut a licensing deal with OpenAI that will allow the company to train its AI models on FT's archives. OpenAI's ChatGPT will also be able to make short summaries of FT articles as part of the deal. FT chief executive John Ridding says in the announcement , "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. At the same time, it’s clearly in the interests of users that these products contain reliable sources." AI models are a complex issue for publishers. The advanced AIs can create content but they need to be fed. The publishers have the content the AIs need to eat but the publishers need to be paid for these robots roaming the Internet devouring content they can regurgitate later.…